Page Menu menu

Attorney General Proposes New Law Requiring Surety Bonds

February 7, 2019

Iowa Attorney General Tom Miller has proposed a new law requiring contractors to file a $75,000 surety bond with the state after contractor complaints rise 28% in the last year. This new law could be a big win for consumers in Iowa because surety bonds provide a valuable service in the economy by: 

• screening out bad actors, 

• providing a risk transfer mechanism, and 

• through subrogation, incent licensed individuals to act lawfully. 

For more information visit the Iowa Attorney General’s website