Wisconsin sales finance company bonds.
From $250.
A sales finance company that buys retail installment contracts from Wisconsin dealers must provide, under Wis. Stat. 218.0114(5)(b), a bond or irrevocable letter of credit acceptable to the division of banking, in an amount not less than $25,000. The premium is 1% of the bond amount.
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How much does a Wisconsin sales finance company bond cost?
1% of the bond amount, from $250 at the $25,000 minimum. Enter your amount in the calculator for the exact price.
Three steps. One sitting.
Sales finance company bonds are a straightforward filing. Here's the entire process:
Apply online
Business details, your bond amount, an effective date, and a term. No credit check up to $25,000.
Pay & e-sign
The premium is 1% of the bond amount, 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 sales finance company license application. Wet-ink original mailed on request.
What it is and who needs it.
What the bond actually guarantees
A sales finance company is a business that buys or otherwise acquires retail installment contracts — most often motor vehicle paper — from Wisconsin dealers. Licensing sits in the Wisconsin motor vehicle dealer law at Wis. Stat. 218.0114, with the bond administered by the division of banking.
Subsection (5)(b) requires the applicant or licensee to provide a bond or irrevocable letter of credit in a form acceptable to the division of banking, in an amount not less than $25,000, issued by a surety company licensed to do business in this state. The bond is payable to the State of Wisconsin for the use of the state and of any person who sustains a loss because of an act of the sales finance company that would be grounds for suspension or revocation of the license.
It is not insurance for you — if the surety pays a claim, you repay the surety. The security has to stay continuously in force for as long as you hold the license; we track the term and send renewal notices 60 and 30 days out.
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 premium covers a one-year term from the effective date you choose.
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 sales finance company license application. Wet-ink original mailed on request.
What sets the price
The premium is 1% of the bond amount, $100 minimum: the amount the obligee sets moves the price, not your business profile.
No credit check up to $25,000. 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, issued instantly.
These are the actual issuing fields — business details, your bond amount, an effective date, and a term. That is the application.
Start the application →Common questions.
Other Wisconsin bonds.
The same bond in nearby states.
Price and requirements checked on the carrier’s application, . Page updated .
Finish your sales finance license today.
1% of the bond amount, issued the moment you pay. Free until issued.