Wyoming — Collection Agency - NMLS Bond
Wyoming collection agency applicants must file a $10,000 bond or cash security within 20 days after notification that the application is approved. The license follows approval of the bond by the Collection Agency Board and Attorney General. Match that sequence to the agency's NMLS application rather than treating checkout as permission to operate.
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- Recorded state
- Wyoming
- Bond type
- Collection Agency Bond
- Category
- Financial services
What this bond does
The statutory bond requires the agency to turn over collection proceeds to the client that placed a debt for collection, less the charges allowed by their agreement. It covers debts placed with the licensed agency and supports the Board's claim process when the agency fails to account for the client's money.
- Who needs it
- Businesses that fall within Wyoming's collection agency licensing law, including covered out-of-state collectors and debt buyers. The statute separately excepts businesses engaged solely in collecting business debts and provides other specific exemptions. Confirm the actual activities before assuming a Colorado or another state's debt-buyer exception applies in Wyoming.
- Who it protects
- The bond runs to Wyoming and parties who may be claimants under its collection-proceeds condition. A claim goes to the Board, which notifies the surety; if it is not paid or settled within 30 days after that notice, the claimant may sue in their own name. The surety's aggregate liability cannot exceed the $10,000 bond amount.
Your bond option
This is the option on record for this bond.
- Bond optionPurchase Now (opens in a new tab)Continue to our secure checkout partner, Propeller (opens in a new tab).
The bond amount describes the limit of the bond obligation, not the price. A listed amount does not establish what the requesting party requires. The premium is what you pay and must be confirmed for the actual option. An E&O limit, where listed, is separate errors and omissions insurance.
Sources
- Wyoming Collection Agency Board applications and renewals (opens in a new tab)Checked October 27, 2026
- Wyoming Legislature — selected collection agency statutes (opens in a new tab)Checked October 27, 2026
Have these ready
- Confirm the agency's activities and any applicable Wyoming licensing exemption.
- Match the legal applicant, NMLS record and Board application approval notice.
- Track the 20-day post-notification security filing requirement.
- Arrange an authorized Wyoming surety and the principal's execution and acknowledgment.
- Confirm current bond delivery with the Board and handle resident manager and renewal filings separately.
Questions about this bond
When must I file the bond?
Section 33-11-108 requires filing the bond or statutory cash deposit within 20 days after notification that the application is approved. The Board and Attorney General must approve the bond before the agency license issues. Do not assume payment at checkout itself grants operating authority.
Does NMLS in the title mean automatic electronic bond filing?
The Board's current page confirms NMLS for applications, renewals and license management. That does not establish that this purchase submits an electronic bond. Confirm the Board's current delivery instructions and maintain the correct NMLS record.
Are all the 30-day periods the same?
The claim provision gives the surety 30 days after the Board's claim notice to pay or settle before a claimant may sue. The replacement provision gives the licensee 30 days from the Board's withdrawal or authority-loss notification to file a satisfactory new bond. They have different notices and purposes.