WI loan company bonds.
1% of the bond amount.
Wisconsin licenses consumer lenders — loan companies — through the Division of Banking under Wis. Stat. 138.09, with applications routed through NMLS. Subsection (2) lets the division require an applicant to file a bond running to the State of Wisconsin, with the sureties' aggregate liability capped at $5,000. The premium is 1% of the bond amount, $100 minimum, the bond issues the moment you pay, and any credit screen is a soft pull only — it never affects your score.
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Three steps. One sitting.
Licensed lender bonds are a straightforward filing. Here's the entire process:
Apply online
Business details, your bond amount, an effective date, and a term. Any credit screen is a soft pull that never shows as a hard inquiry.
Pay & e-sign
The premium is 1% of the bond amount with a $100 minimum, and the bond issues the moment you pay — your executed bond and power of attorney generate on the spot.
File with the Division of Banking
Your executed bond arrives by email, ready to upload to your NMLS record or file with the Department of Financial Institutions. Wet-ink original mailed on request.
What it is and who needs it.
What the bond actually guarantees
Wisconsin regulates consumer lending under Wis. Stat. 138.09, which requires a license from the Division of Banking at the Department of Financial Institutions to make loans and charge the rates the section allows. Loan company licensing runs through NMLS.
As part of the application, the division may require the applicant to file a bond running to the State of Wisconsin for the use of the state and of any person who may have a cause of action against the obligor — with one or more corporate sureties licensed in Wisconsin, whose aggregate liability may not exceed $5,000. The bond conditions the licensee to conform to every provision of the section and to pay any money owed under it.
It is not insurance for you — if the surety pays a claim, you repay the surety. A required bond has to stay continuously in force while the license is active; we track the term and send renewal notices 60 and 30 days out.
You need this bond if you're
One application, issued instantly.
These are the actual issuing fields — business details, your bond amount, an effective date, and a term. That is the entire application.
Start the application →Common questions.
Other Wisconsin bonds.
Finish your lender license today.
1% of the bond amount, $100 minimum, issued the moment you pay. Free until issued.