This surety bond is required by the State of Wyoming, Department of Audit, Division of Banking. This bond is in compliance with the provisions of sections 31-11-101 through 31-11-106. This bond ensures that the agency will properly handle money it receives while pursuing outstanding debts. It also guarantees that those funds are routed to the company with the outstanding debt. If the collection agency misappropriates these funds, the state can file a claim on the agency’s bond. If the claim is determined to be valid, the face value of the bond is released by the surety company and paid by the collection agency. The required bond amount is $10,000. The premium on this bond is typically as little as $100.
To Acquire a Wyoming Collection Agency Surety Bond:
- Complete an online application.
- One of our expert commercial surety agents will call and email you with the firm quote and an agreement to sign.
- Provide payment and your signed agreement, then you will receive your bond!
** all bonds are subject to the underwriting terms and conditions of the issuing company.