Wisconsin adjustment service company bonds.
From $100.
Wisconsin licenses adjustment service companies through the Division of Banking under Wis. Stat. § 218.02, and subsection 218.02(2)(c) lets the division require a licensee to file and maintain a bond in the sum it deems necessary, capped at $5,000. The premium is 0.5% of the bond amount, $100 minimum.
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How much does a Wisconsin adjustment service company bond cost?
0.5% of the bond amount, from $100. Enter your amount in the calculator for the exact price.
Three steps. One sitting.
Adjustment service company bonds are a small, straightforward filing. Here is the entire process:
Apply online
Business details, the bond amount your license notice states, and an effective date — no credit check up to $100,000.
Priced and issued
Premium is 0.5% of the bond amount with a $100 minimum — because the statutory cap is $5,000, most applicants land at the $100 floor. Your executed bond and power of attorney generate once payment clears.
File with the Division of Banking
Your executed bond arrives by email, ready to file with your adjustment service company license at the Department of Financial Institutions. Wet-ink original mailed on request.
What it is and who needs it.
What the bond actually guarantees
An adjustment service company is defined in Wis. Stat. § 218.02(1)(a) as a corporation, LLC, association, partnership, or individual that, as principal, prorates a debtor's income among the debtor's creditors, or assumes a debtor's obligations by purchasing the debtor's accounts, in return for a service charge or other consideration — the debt-management and debt-purchasing business Wisconsin treats separately from ordinary collection agencies.
The Division of Banking licenses these companies, and 218.02(2)(c) lets the division require a licensee, before or after the license issues, to file and maintain a bond in a sum it deems necessary to safeguard the interest of borrowers and the public — not to exceed $5,000. It is a three-party arrangement: you (the principal), the surety carrier, and the State of Wisconsin (the obligee), standing behind your handling of debtor funds and your compliance with the license.
It is not insurance for you — if the surety pays a claim, you repay the surety. A separate license fee applies: 218.02(2)(b) sets a $200 nonrefundable investigation fee plus a $200 annual license fee for a new applicant, with no investigation fee on renewal. Because the sum is set by the division rather than fixed in the statute, confirm your required bond amount on your DFI license notice before you apply.
You need this bond if you're
Claims, renewal, filing, and what sets the price.
If a claim is made
A claim comes from the party the bond protects, the obligee named on the form, when the duty the bond guarantees is not met.
The surety investigates and pays a valid claim, up to the bond amount. You then repay the surety: a surety bond is a guarantee of your performance, not insurance for you.
Renewal and term
The term is set on the carrier’s application; the premium covers the period shown there.
Renew before the expiry date to keep the bond in force: the license, permit or contract it backs expects continuous coverage.
How to file it
File with the Division of Banking. Your executed bond arrives by email, ready to file with your adjustment service company license at the Department of Financial Institutions. Wet-ink original mailed on request.
What sets the price
The premium is 0.5% of the bond amount, $100 minimum: the amount the obligee sets moves the price, not your business profile.
No credit check up to $100,000. Above that, the carrier may run a soft pull, which never affects your score.
Where a check runs, it decides approval; the rate is the same for everyone approved.
One application, quickly priced.
These are the actual issuing fields — business details, your bond amount, and an effective date. No credit check up to $100,000.
Start the application →Common questions.
Other Wisconsin bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Finish your adjustment service company license today.
0.5% of the bond amount, $100 minimum. No credit check up to $100,000. Free until issued.