Collection
Agency Licensing Requirements:
Under WS 33-11-101, et seq., any person who engages in the collection of debts for
Wyoming creditors, regularly collects or attempts to collect for Wyoming creditors,
directly or indirectly, debts owing or due or asserted to be owed or due for another,
accepts assignments of debtors for collection purpose, and directly or indirectly solicits
for collection acctounts, and use a fictitious name or any name other than their own name
in the collection of their own accounts receivable, is required to obtain a license from
the State of Wyoming before conducting any collection activities in the state. An
Applicant for a collection agency license is required to post a bond in the sum of
$10,000.00. All collection agencies must establish a physical office in the State of
Wyoming operated by a qualified resident manager and maintain trust accounts within the
state for the deposit of all monies collected. Detailed information about collection
agency licensing requirements may be obtained from: State of Wyoming Department of Audit
Division of Banking Collection Agency Board Herschler Building, 3 East Cheyenne, WY 82002
Tel: (307) 777-3497 Fax: (307) 777-3555 Internet e-mail: banking@missc.state.wy.us
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