WI payday lender bonds.
1% of the bond amount.
Wisconsin licenses payday lenders through the Division of Banking at the Department of Financial Institutions under Wis. Stat. 138.14. Subsection (4)(c) lets the division require a bond in a sum not to exceed $5,000 for each place of business at which the licensee makes payday loans to a Wisconsin resident. 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.
Trusted by industry leaders
Three steps. One sitting.
Payday lender license 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 file with your payday lender license application at 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 payday loans under Wis. Stat. 138.14, which requires a license from the Division of Banking at the Department of Financial Institutions for anyone making payday loans to Wisconsin residents — including lenders operating by mail, telephone, or online.
As a condition of the license, the division may require the applicant or licensee to file a bond in a form prescribed by and acceptable to the division, in a sum not to exceed $5,000 for each place of business at which payday loans are made to a Wisconsin resident. A multi-location lender is therefore sized on its store count, and the bond stands behind compliance with the statute's disclosure, rollover, and database rules.
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 payday lender license today.
1% of the bond amount, $100 minimum, issued the moment you pay. Free until issued.