Vehicle dealer and Wyoming-based manufacturer sureties file with the Wyoming Department of Transportation Motor Vehicle Services on Form MV-424. Residential mortgage lender and broker bonds, money-transmitter security, and collection-agency bonds run through the Division of Banking (Department of Audit), often via NMLS for mortgage and money-transmission credentials. Mortgage amounts follow volume schedules the commissioner sets by rule. Money-transmitter security can be a surety, an irrevocable letter of credit, or another form the commissioner accepts, and the statute also allows depositing cash or securities. Collection agencies may substitute a ten-thousand-dollar cash deposit with the state treasurer for the surety. General construction contractor licensing remains local; there is no statewide contractor registration bond in this hub.
Wyoming · Surety Bond Resource Center
Wyoming surety bonds
Wyoming’s published statewide license bonds concentrate at the Department of Transportation for vehicle dealers and Wyoming-based manufacturers, and at the Division of Banking for residential mortgage companies, money transmitters, and collection agencies. Dealers post a fixed twenty-five-thousand-dollar surety on Form MV-424 under W.S. 31-16-103(h) and must keep that coverage active with no gap. Mortgage lenders and brokers size under commissioner rules at twenty-five, fifty, or one hundred thousand dollars by prior-year Wyoming loan volume, and keep the bond until the commissioner releases it in writing. Money transmitters furnish security of at least ten thousand dollars under W.S. 40-22-106, scaling with outstanding payment instruments up to five hundred thousand dollars, and may use a letter of credit or approved deposit instead of a surety. Collection agencies post ten thousand dollars—or deposit that amount in cash—under W.S. 33-11-108, with each Wyoming office licensed separately. Wyoming does not require a statewide general-contractor license bond, repealed the notary surety requirement in 2021, and does not list a public-adjuster bond among Department of Insurance licensing steps.
Wyoming at a glance
- Motor vehicle dealer
- $25,000
- Mortgage lender / broker
- $25,000–$100,000
- Money transmitter
- $10,000–$500,000
- Collection agency
- $10,000
W.S. 31-16-103(h); Form MV-424. Keep the bond active with no gap.
By prior-year Wyoming loan volume under Banking rules.
Greater of $10,000 or 2.5× outstanding instruments; letter of credit or deposit alternatives.
Per license under W.S. 33-11-108; cash deposit alternative; offices licensed separately.
How it works in this state
How Wyoming bonding is organized
What this hub does not treat as statewide license bonds
Wyoming does not maintain a statewide general-contractor license bond—cities and counties set any local contractor bonding. The 2021 Revised Uniform Law on Notarial Acts removed the mandatory notary surety; bonds or E&O may be purchased voluntarily but are not filed as a commission condition. The Department of Insurance public-adjuster licensing page does not list a surety among required steps. Municipal right-of-way bonds, public-works performance and payment bonds, and court bonds remain outside this commercial-core set.
Wyoming bond directory
Find your bond requirement
These guides cover license and permit bonds with verified educational content. Your agency notice or application checklist is always the final authority.
- Motor Vehicle Dealer BondLicense & permitWyoming Department of Transportation — Motor Vehicle Services$25,000File Form MV-424 with the Department of TransportationKeep your bond active and do not let coverage lapse.
- Mortgage Lender / Broker BondLicense & permitWyoming Division of Banking (Department of Audit)$25,000–$100,000File with the Division of Banking; covers employed or contract loan originatorsKeep the bond until the commissioner releases it in writing. If not released, it stays in force for 2 years after the license ends.
- Money Transmitter BondLicense & permitWyoming Division of Banking — Money transmitters$10,000–$500,000Surety bond, irrevocable letter of credit, similar device, or approved depositKeep the bond while licensed. Increase the amount if outstanding instruments grow, or if the commissioner orders a higher amount.
- Collection Agency BondLicense & permitWyoming Collection Agency Board (Division of Banking)$10,000Surety bond, or $10,000 cash deposit with the state treasurerKeep the bond while licensed. You have 30 days to replace it after a surety withdrawal notice.
Who sets the requirement?
Wyoming licensing agencies
Each agency below sets its own bond requirement. Open the related guide for amounts and filing steps.
Wyoming Department of Transportation — Motor Vehicle Services
Licenses vehicle dealers and Wyoming-based manufacturers and receives Form MV-424 sureties.
Open related guide →Wyoming Division of Banking — Mortgage lending
Licenses mortgage lenders/brokers and receives volume-tiered sureties under W.S. 40-23-110 and related UCCC MLO-employer bonding.
Open related guide →Wyoming Division of Banking — Money transmitters
Licenses money transmitters and receives W.S. 40-22-106 sureties or other accepted security.
Open related guide →Wyoming Division of Banking — Collection Agency Board
Licenses collection agencies and receives W.S. 33-11-108 sureties or cash deposits.
Open related guide →Before you apply
Confirm these details from the agency notice
Bring these five items when you request a bond. For the full checklist, see how to read a bond requirement.
- 1
Agency and credential
Confirm whether you need a WYDOT dealer bond, a Banking mortgage bond, money-transmitter security, or a collection-agency bond.
- 2
Volume or outstanding exposure
Mortgage amounts follow prior-year Wyoming loan volume. Money-transmitter security scales with outstanding payment instruments. Dealer and collection amounts are fixed.
- 3
Surety vs alternatives
Money transmitters may use a letter of credit or approved deposit. Collection agencies may deposit $10,000 cash with the state treasurer. Dealer and mortgage credentials use corporate sureties.
- 4
Exact legal name
Match the principal name and DBA to Secretary of State records. WYDOT rejects dealer bonds whose legal name does not match exactly, including capitalization and punctuation.
Learn more about surety bonds
Universal surety concepts explained once—linked here instead of repeated on every state or bond page.
Frequently asked questions
Does Wyoming require a statewide contractor license bond?
No. Wyoming does not issue a statewide general-contractor license with a surety. Any contractor bonding is set by cities or counties where you work.
Do Wyoming notaries still need a surety bond?
No. The 2021 notary law removed the mandatory bond. Notaries may still buy a bond or errors-and-omissions insurance voluntarily, but it is not filed as a commission requirement.
Do Wyoming dealers need a brand-new bond every year?
You need to keep the required coverage active with no gap. A brand-new bond is not always required just because the license renews. If the surety cancels, have a replacement covering the same period in place first.
Start your Wyoming bond application
Wyoming will be preselected in the application. Choose the bond type on the next step—we verify the current agency form before anything is issued.
Last verified 2026-08-12. Official sources are retained with this guide and checked before publication.
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