1 (844) 589-9732 info@ameriprosuretybonds.com

Wisconsin Payday Lender Bond

The Wisconsin payday lender bond is a $5000 surety bond required by the state’s Division of Financial Institutions for each location. The bond is filed through NMLS which our agency will handle on your behalf. Please call AmeriPro Surety Bonds at: 844-589-9732.

Wisconsin Payday Lender Bond | AmeriPro Surety Bonds |

844-589-9732

 

 

 

Takeaways about the Wisconsin Payday Lender Bond:

Up to $25,000 – approved immediately with no additional underwriting at $188 a year;

Above $25,000, approved under 6 conditions, if you qualify, without underwriting; otherwise, standard underwriting procedures

 

 

 

Payday Lender Companies – Wisconsin

 

 

 

Wisconsin payday lender loan companies are regulated by the state’s Department of Financial Institutions.

Applications for new or renewal licenses as well as the surety bond requirement, are satisfied through NMLS (Nationwide Mortgage Licensing System).

After the purchase, our agency can electronically file the payday lender bond on your behalf.

 

 

 

Amount of Surety Bond Required; Qualifying

 

 

 

The Wisconsin payday lender bond is a $5000 surety bond required, per location, of your payday lending business.

Up to 5 locations (i.e. $25,000 surety bond amount), our agency offers you the payday lender bond at a flat price of just $188, annually.

Up to the same amount, the bond is an “instant issue” bond. No credit check is involved in obtaining it. Merely complete the standard application, pay the premium, and the bond is issued to you immediately.

For surety bonds above $25,000, and for established businesses of 3 years or more who meet other conditions, you may also qualify for streamlined processing.

If none of these is applicable to you, then it’s very simple: You will complete the same standard application, along with a business or personal credit check. We will still be able to offer you superior pricing.

 

 

 

Premium Options

 

 

 

The Wisconsin payday lender surety bond is issued for a term of one year; however, you may prepay this bond for 2 or 3 years.

As an example, a $25000 payday lender bond prepaid will have the following premiums:

  • If prepaid for 2 years, the premium is $338;
  • If prepaid for 3 years, the premium is $489.

While entirely your choice, prepayment allows a savings over year to year renewal of the premium.

 

 

 

The Purpose of this Surety Bond

 

 

 

The purpose of the payday lender bond is to serve as a financial guarantee that you will be in compliance with all state statutes and amendments involving payday lending in the state.

The bond protects the Wisconsin consumer from harm which results from acts of malfeasance, willful wrongdoing, and criminal intent.

 

 

 

About Us

 

 

 

AmeriPro Surety Bonds is a surety bonds only agency. We provide license and permit, court, and fiduciary bonds throughout Wisconsin.

Our agency also provides surety bonds nationwide.

Please call us today at:

 

 

 

844-589-9732

 

 

 

Or, you may fill out the form below and an agent will contact you…

 

 

Apply Today!

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