A Wisconsin Sales Finance Company Bond is required by the State of Wisconsin Department of Financial Institutions for those seeking a Sales Finance Company license. These are companies that acquire installment sales contracts and/or consumer leases that are originated by Wisconsin motor vehicle and recreational vehicles.
This bond is required to ensure that licensed sales finance companies comply with the statutes imposed by the State of Wisconsin and pay any and all money that may become due to any person(s) under and by virtue of said statutes.
The amount for the bond is $25,000. The surety bond should be issued by a company licensed to do business in Wisconsin.
- Completed Sales Finance Company License Application form
- Financial statements
- Payment of the fees. The amount is $350
- Certificate of Good Standing
- Criminal history reports
- Officer/owner resume
- Business plan
How do I obtain a Wisconsin Sales Finance Company Bond?
Complete our easy to navigate online application. Within one business day, one of our licensed agents will contact you with a no-obligation quote for your bond (the “premium”). Once any necessary paperwork is signed and the premium payment is processed, your surety bond will be shipped to you via USPS Priority Mail (overnight shipping options also available).
The surety bond experts at Surety1 are here to help you get bonded quickly and reliably. We work with over a dozen “A” rated surety markets to ensure we find you the lowest rate for your bond. We are also licensed in all 50 states and maintain an A+ rating by the Better Business Bureau.