Collection License Application - Department of Audit

Collection Agency License Application and Renewal Process

License and Registration

*Nationwide Multistate Licensing System*

Beginning August 1, 2018, Collection Agency licenses in Wyoming can be applied for, renewed, and managed through the Nationwide Multi-state Licensing System (NMLS) at the link provided above.

Questions relating to collection agency licensing can be directed to Deanna Benefield
Phone: (307) 777-3497
Email: deanna.benefield@wyo.gov

**Questions relating to NMLS can be directed to the call center at 1-855-NMLS123**

License Renewal Process
All licensed companies holding a Wyoming Collection Agency license shall submit the renewal of their license through the Nationwide Multi-state Licensing System and Registry (NMLS) between November 1st and December 1st. The NMLS Streamlined Renewal Process allows your company to conveniently manage the renewal of company, and/or branch licenses through your organization’s NMLS account.

Please contact our office with your renewal questions: 307-777-3497 or by e-mail: wycollectionagencyboard@wyo.gov

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 (located at bottom of this page) 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.

RESIDENT MANAGERS

A resident manager is required for all licensed collection agencies operating in Wyoming. A resident manager may serve as resident manager for up to ten (10) agencies in the State of Wyoming. At the bottom of this page is a list of qualified resident managers prepared to serve as a resident manager for additional collection agencies in this state.

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.

Application forms to become a resident manager in Wyoming are located below. Please contact the Wyoming Division of Banking at 307-777-3497 if you have any questions.

Collection Agency Applications and Forms (Please click the download arrow on the right side of the page to download forms. Non-Google users may experience download issues if not using the download arrow.)