The Wisconsin Loan Company Bond is required by the State of Wisconsin, Department of Financial Institutions. The bond states that the bondholder shall comply with the provisions of Wisconsin Statues, Section 138.09. In addition, they shall comply with all lawful orders, rules and regulations in effect. The amount of the bond is set at $5,000 per proposed license location or $50,000, whichever is less.
Loan companies lend money to consumers and charge an annual percentage rate. In order to transact business in the State you must be licensed. The Loan Company Bond is one of the licensing requirements.
Surety1 can easily get you the bond that you need. You can be assured of the lowest rates as we have partnered with over a dozen A-rated surety markets. We have friendly agents who are willing to answer all your queries and give you only the best service.
First, start the process by completing our easy to navigate, free online application form. Then, after your application has been submitted, one of our surety agents will contact you with a no-obligation quote on the bond premium. After that, once you are ready to move forward, you just need to pay the premium and sign the agreement. Lastly, your Wisconsin Loan Company bond will be mailed to you by USPS Priority Mail. Overnight delivery is also available for an additional fee.
Surety1 has been writing Wisconsin surety bonds since 2003. We are licensed in all 50 states and our services have earned an A+ rating from the Better Business Bureau.