Any person desiring to conduct a collection agency business in Wyoming. Required when: Application for a collection agency license; the bond must be filed within 20 days after notification of application approval. Exemptions: Exemptions include banks, trust companies, savings and loan associations, abstract companies …
Overview
What it is.
Any person desiring to conduct a collection agency business in Wyoming. Required when: Application for a collection agency license; the bond must be filed within 20 days after notification of application approval. Exemptions: Exemptions include banks, trust companies, savings and loan associations, abstract companies …
Who usually needs it
Any person desiring to conduct a collection agency business in Wyoming.
Pricing & timing
What to expect.
Generic pricing
License bonds are required by state and local governments to ensure compliance with industry regulations. Typical Pricing:. • Small bonds (under $25,000): Typically $100–$250 per year (flat fee). • Larger license bonds: Commonly around 1–5% of the bond amount annually. • Credit impact: Good credit: starting around 1–2% · Average credit: typically 2–4% · Credit challenges: often 4–5% or higher. Same-day approval is typical for many common license bonds. Some license bonds may price higher de…
Typical timeframe
Issuance timeframe varies by bond type and underwriting
Application
What to do next.
Tell us the bond name, state, and amount on your form.
Share business and applicant info so the team can quote it.
Sign and pay; we issue the bond and send you the documents.
Keep your effective date and renewal date on file with us.
Start the application.
You are on the exact bond page. The next step is to start the quick application.
StateWYBond amount$10,000Term lengthContinuousObligeeWyoming Collection Agency BoardRenewalLicenses expire annually on December 31. Renewal requires submitting a 'Certificate of Continued Coverage' for the $10,000 bond to the Collection Agency Board.Bond classLicense BondCategoryFinancial ServicesBondBond Required for LicenseStatutory referenceWyo. Stat. § 33-11-108JurisdictionState
