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If you operate a collection agency in the state of Indiana, it will be required for you to have an Indiana Collection Agency License Bond before you can be issued a license by the state.

Bonds Express offers an Indiana Collection Agency License Bond with a 100% approval rate.

The Indiana Collection Agency License Bond for $5,000 is required for each office you operate within the state.  This bond ensures that you, or agents working on your behalf, will be faithful in the accounting of money collected from accounts that have been entrusted to you.  The Indiana Collection Agency License Bond also guarantees the proper dispersal of collected moneys to your clients.

Please refer to Indiana Code (IC) 25-11: Collection Agencies, for more information.

A surety bond protects the party requesting the bond, the Obligee, against any financial losses as a result of poor financial decisions, damages, unethical decisions, or a failure to follow state and local laws on the part of you, the Principal.  The Indiana Collection Agency License Bond holds you accountable for your business decisions.

By possessing an Indiana Collection Agency License Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.