Wyoming collection agency bonds.
$100 flat.
Wyoming will not issue a collection agency license until the approved applicant files a $10,000 surety bond running to the State of Wyoming and to any claimant — the penal sum is written into W.S. 33-11-108(a), so there is nothing to quote. Ours is $100 flat, the price you see is the checkout price. No credit check.
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How much does a Wyoming collection agency bond cost?
$100 at the $10,000 amount, the same for every applicant.
Three steps. One sitting.
Wyoming gives you 20 days from approval notice to get the bond on file, and this one is checkout-priced. Here is the entire process:
Apply online
Business details, an effective date, and a term. That is the application. No credit check.
Pay & e-sign
This bond is checkout-priced at $100 flat, so it issues the moment you pay — your executed bond and power of attorney generate on the spot.
File with the board
Your executed bond arrives by email, ready to file with the Collection Agency Board for approval by the board and the attorney general. Wet-ink original mailed on request.
What it is and who needs it.
What the bond actually guarantees
Wyoming licenses collection agencies through the Collection Agency Board, and no one may conduct a collection agency or act as a debt collector in the state without that license. Once your application is approved you have 20 days to file and thereafter maintain either a $10,000 deposit with the state treasurer or a $10,000 surety bond — the license is issued only when the board and the attorney general approve the bond.
It is a three-party arrangement: you (the principal), the surety carrier, and the State of Wyoming plus any claimant as the protected parties. The bond is conditioned on paying over to the claimant the proceeds of every collection, less the agreed collection charges, and it covers all debts placed with you for collection. Claims go to the board first; if the surety does not pay or settle within 30 days of the board's notice, the claimant can sue on the bond directly.
It is not insurance for you — if the surety pays a claim, you repay the surety, and the surety's total exposure never exceeds the $10,000 penalty. Licenses expire December 31 each year and each office is licensed separately, so the bond has to stay continuously on file; 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 $10,000 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; a longer term is the same price per year, chosen at checkout.
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 board. Your executed bond arrives by email, ready to file with the Collection Agency Board for approval by the board and the attorney general. Wet-ink original mailed on request.
What sets the price
The premium is fixed at $100 at the $10,000 amount for every applicant: the carrier’s rate book prices this bond by the form, not by your credit or your business profile.
No credit check.
One application, issued instantly.
These are the actual issuing fields — business details, an effective date, and a term. That is the entire application.
Start the application →Common questions.
Other Wyoming bonds.
The same bond in nearby states.
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Price and requirements checked on the carrier’s application, . Page updated .
Finish your collection agency license today.
$100 flat, issued the moment you pay, no credit check. Free until issued.