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Following these instructions are files containing the
application forms used to apply for a collection agency license in the State of
Wyoming. The fee for an original collection agency license is $500.00, with an
additional resident manager examination fee of $100.00. Fees are payable to the
State of Wyoming at the time of filing. You can access the Board's laws
and regulations at this link.
A bond in the amount of $10,000 is required for each licensed
agency. A blank form to be used in securing a bond is provided,
along with a detailed instruction sheet - please be sure to follow these
instructions carefully.
When you submit your completed collection agency license
application to our office, it will be necessary that you also enclose a separate
letter giving a detailed description of the method of soliciting and collecting
accounts in Wyoming, together with copies of contracts, assignments, debtor
notices, and other forms used in the conduct of your business.
A standard agreement or policy statement governing all
relevant terms and conditions of the agreement between the agency and its
clients, including provisions for remittance and cancellation and return of
accounts, shall be reduced to writing and a copy provided to clients and the
collection Agency Board.
A resident manager is required for all licensed collection
agencies operating in Wyoming. All new resident managers must
satisfactorily complete a resident manager examination which will cover the
material in the Wyoming Collection Agency Laws and Rules, and the Federal Fair
Debt Collection Practices Act. The examination is an open book examination and
will be forwarded to qualified applicants via e-mail. In addition, the
proposed resident manager must have at least one year of experience in the collection
business.
A resident manager may serve as resident manager for up to
ten (10) agencies in the State of Wyoming. Following is a list of qualified
resident managers prepared to serve as a resident manager for additional
collection agencies in this state.
pdf
format
After reviewing the application materials, please feel free
to contact the Board at (307) 777-3497 if you should have any questions. Please contact us at (307) 777-3497
or by e-mail (marlene.aitchison@wyo.gov)
if you experience problems opening or printing the forms or instructions.
| Form 1: Application for
a Wyoming Collection Agency License - all applicants must complete
pdf
file Microsoft
Word file
Form 2: Business Type - Please
select your business type - all applicants must complete the
appropriate business type form
Form 3: Bank Account
Information - all applicants must complete
pdf
file Microsoft
Word file
- Effective January 1, 2012
a Bank Reference form must be included with the
application for each bank account listed on the Bank Account Information
form
pdf file
Microsoft Word file
Form 4: Financial Statement - all
applicants must complete
pdf file
Microsoft
Word file
Form 5: Summary of Methods of Business,
Policies and Procedures - all applicants must complete
pdf file
Microsoft
Word file
Form 6: Surety Bond Form - all
applicants must complete
pdf file
Microsoft
Word file
Form 7: Bond Check List
- provides pertinent information for proper completion of the surety
bond
pdf file
Microsoft
Word file
Form 8: Alias / Desk Name Form -
all
applicants must complete
pdf file
Microsoft
Word file
Form 9: Resident Manager Application
- for new resident managers not already on file with the Wyoming
Collection Agency Board pdf
file Microsoft
Word file
Form 10: Affidavit of Good Moral Character -
for new resident managers - must be submitted with the resident manager
application pdf
file
Microsoft Word file
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 License
Renewal Process
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After reading the instructions
below, a link will guide you
to the license renewal application.
IMPORTANT NOTES:
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Please DO NOT complete the
License Renewal application if you have already
filed your renewal application.
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Submitting your renewal
application does not mean that your license is
automatically renewed.
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Collection Agency licenses
will expire one (1) year from the date issued.
Operation without a current license is subject to
penalties.
To file your renewal application ,
follow the steps below:
License Renewal Application:
Step 1: Confirm Your License
Details and Contact Information
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If your telephone number is
different, please enter the correct telephone number
in the "Correct Information." field.
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Please enter your e-mail
address to receive notifications from our office to
help ensure that your renewal is sent successfully
to you and your resident manager.
- If your mailing address is
different, please update your mailing address in the
"Correct Information" field.
Step 2: Answer All Requirements
- Complete the Bank Account
Information form.
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Attach a current copy of the
required "Certificate of Continued Coverage" for
your $10, 000.00 bond from the Surety Company.
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Form B1 Business Information
needs to be completed in its entirety including all
required fields.
Step 3: Submit Information
Finished reading the instructions?
Now you're ready to print your renewal application:
pdf
file
Microsoft Word file |
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Certificate
of Exemption Application
If you feel your agency may not require a
collection agency license for the State of Wyoming, please complete the
Certificate of Exemption application and forward it to the Collection
Agency Board for review. The Board will provide written notification
of your company's exemption status for the State of Wyoming. If the
Board determines a license is needed, you will be required to obtain this
license prior to conducting collection business in this state.
The Board recommends all entities monitor changes
made to Wyoming statutes and regulations governing collection agencies as
this may change an entity's exemption status or the need to obtain a
license.
Certificate of Exemption Application
form
.pdf
file
Microsoft
Word file
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