Form CRED203 Professional Fund-Raiser Bond (Non-custodial) - Wisconsin

What Is Form CRED203?

This is a legal form that was released by the Wisconsin Department of Financial Institutions - a government authority operating within Wisconsin. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Form CRED203?A: Form CRED203 is a professional fund-raiser bond for non-custodial purposes.

Q: Who needs to file Form CRED203?A: Professional fund-raisers in Wisconsin who are not involved in custodial activities need to file Form CRED203.

Q: What is the purpose of the bond?A: The bond is meant to ensure that professional fund-raisers fulfill their obligations and comply with the law.

Q: What are custodial activities?A: Custodial activities include handling or having control over funds or property donated or solicited for charitable purposes.

Q: Do I need to file this form if I am involved in custodial activities?A: No, if you are involved in custodial activities, you need to file Form CRED204 instead.

Q: How do I obtain this bond?A: You can obtain the professional fund-raiser bond from an insurance or bonding company.

Q: Is there a specific amount for the bond?A: Yes, the bond must be in the amount of $20,000.

Q: Is the bond required for renewal?A: Yes, the bond is required for each renewal of the professional fund-raiser license.

Q: What happens if I fail to obtain the bond?A: Failure to obtain the bond can result in disciplinary action and the revocation of your professional fund-raiser license.