Wisconsin Collection Agency Bonds

A Collection Agency Bond is a type of surety bond is required by the Wisconsin Department of Financial Institutions to comply with the provisions of Section 218.04 of the Wisconsin Statutes. This surety bond ensures payment and of all bills or other indebtedness taken for collection entitled to third parties, reimbursement of fees paid in advance for collection services which cannot be performed pursuant to a written agreement, and payment of any examination or liquidation costs incurred by the Wisconsin Department of Financial Institutions under provisions of state laws.