1 (800) 308-4358
Mon-Fri 7am-7pm CST
  1. 1. Choose A State
  2. 2. Choose A Bond
  3. 3. Enter Your Info
  4. 4. Purchase Your Bond

Indiana $5,000 Collection Agency Bond

Cost: $100.00 / 1-year term

Want your bond emailed to you tomorrow? Buy your bond now.

How much does an Indiana collection agency license bond cost?

Indiana collection agency surety bonds are set in the amount of $5,000 and are required by the Indiana Secretary of State. SuretyBonds.com can issue these bonds online for $100. No credit check is required, so everyone qualifies for the same low rate. Buy your Indiana collection agency surety bond in less than five minutes!

Bond Type Bond Amount Cost
$5,000 Collection Agency Bond $5,000 $100

Why do Indiana collection agencies need to be bonded?

Indiana collection agency bonds ensure that collection agencies will follow all rules and regulations found in the Indiana Code 25, Article 11. Some of these provisions include:

  • only acting as a collection agency upon receiving a license
  • paying any client within 60 days of a collection
  • making certain that all money collected is deposited into a depository on a weekly basis

If a collection agency fails to adhere to these laws, the surety will cover any damages up to the full bond amount. The principal could be liable for claims against the bond and is ultimately responsible for reimbursing the surety.

The county the collection agency resides in must be listed on the bond form, as well as the NMLS number. Collection agency bonds in Indiana are continuous until canceled. The state requires surety companies to provide them with at least 60 days’ notice before canceling a bond.

Ready to get bonded? Simply give us a call at 1 (800) 308-4358 or submit a bond request. One of our bond experts will set you up with an Indiana collection agency surety bond for just $100 right away.

Electronic Delivery
50,000 Satisfied
Customers Nationwide
No Hidden Fees

How to become a licensed collection agency in Indiana

An important step in obtaining the appropriate collection agency license is securing a collection agency surety bond. The Secretary of State outlines a few additional requirements that license applicant must meet, including:

When applying for a license, it is important to know whether you are applying for a branch location of a major collection agency or as an individual collection agency.

How to renew an Indiana Collection Agency Bond

When you work with SuretyBonds.com, you’ll receive periodic reminders to renew your bond starting 90 days prior to your renewal date. Our secure online renewal process allows you to review and update your information and pay for your Indiana collection agency bond renewal instantly.

Collection Agency Bonds Nationwide

Many collection agencies operate in multiple states, meaning they may be required to have multiple surety bonds. Get more information about other states’ collection agency bond requirements by selecting a state on the map below.

NH VT RI NJ DE MD DC MA CT HI AK FL ME NY PA VA WV OH IN IL WI NC TN AR MO GA SC KY AL LA MS IA MN OK TX NM KS NE SD ND WY MT CO UT AZ NV OR ID CA MI

Or, choose your state from the list below:

Ready to get started?

Buy Your Collection Agency Bond Now!

Additional Resources

Indiana Code Title 25, Article 11 (25-11) Collection Agencies

Indiana Secretary of State Securities Division Collection Agencies

Indiana Secretary of State Collection Agency License Application

Indiana Secretary of State Collection Agency Branch License Application