Collection agencies collect debt on behalf of a client, or creditor. Wyoming collection agencies must be licensed, which includes providing a surety bond to the Wyoming Division of Banking. The surety bond guarantees that the collection agency will properly handle the funds received from collecting debts for clients.
The state of Wyoming uses the Nationwide Multistate Licensing System & Registry (NMLS) where collection agencies can apply, renew, and manage their licensing online through the NMLS website. Application requirements include:
The premium amount you pay for a Wyoming Collection Agency Surety Bond is dependent on credit. Our rates start at 1% of the bond amount with good credit. Contact our Surety Bond Specialists for a free quote that fits your specific situation.
The application fee for a Wyoming Collection Agency is $500.
Check out our FAQ page or What’s a Surety Bond? page. Should you need or choose to buy a surety bond, buy from us. SuretyGroup.com has been underwriting surety bonds throughout the U.S. for more than 35 years. When you work with us, you enjoy the unique benefit of dealing with a team of highly experienced surety agents with in-house underwriting authority. This allows you to receive competitive, low rates, quick approvals, and immediate bond delivery. In most cases, your bond will be delivered within 24 hours after you apply for it.
For a downloadable application