Wisconsin Collection Agency/Debt Collector Bond's are required by Wisconsin's Department of Financial Institutions to obtain your Wisconsin Collection Agency/Debt Collector Bond. The Wisconsin Collection Agency Bond amount is set at $25,000-35,000.
a $25,000-35,000 surety bond
There are 3 parts to a Collection Agency surety bond. The Principal "YOU", The Surety Company, and the Obligee. The Principal is the business or individual applying for the Collection Agency Surety Bond. The Obligee is the individual or entity requiring the Surety Bond and the Surety Company is the company who provides the Surety Bond coverage.
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To obtain a Wisconsin Collection Agency Bond, you must have a Collection Agency License for your respected state that you reside within.