Iowa Code § 84I.2: Licensing.

1. An employment agency shall obtain a license from the director prior to transacting any business. Licenses expire on June 30 of each year.

2. A license application shall be in the form prescribed by the director and shall be accompanied by all of the following:

a. A surety company bond in the sum of thirty thousand dollars, to be approved by the director and conditioned to pay any damages that may accrue to any person due to a wrongful act or violation of law on the part of the applicant in the conduct of business.

b. The schedule of fees to be charged by the employment agency.

c. All contract forms to be signed by an employee.

d. An application fee of seventy-five dollars.

3. The director shall grant or deny a license within thirty days from the filing date of a completed application.

4. The director may revoke, suspend, or annul a license upon good cause pursuant to rules adopted by the director.