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

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

   1. a. A surety company bond in the sum of thirty thousand dollars, to be approved by the commissioner 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.
   2. b. The schedule of fees to be charged by the employment agency.
   3. c. All contract forms to be signed by an employee.
   4. d. An application fee of seventy-five dollars.
3. 3. The commissioner shall grant or deny a license within thirty days from the filing date of a completed application.
4. 4. The commissioner may revoke, suspend, or annul a license in accordance with chapter 17A upon good cause.

99 Acts, ch 130, §2