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Indiana Collection Agency Bond

Indiana Collection Agency Bond

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Who Requires the Collection Agency Bond and Why Is It Needed?

Indiana Collection Agencies making a licensing application to the Securities Commissioner of the State of Indiana are required by the provisions of the state law to furnish a surety bond (called a Collection Agency Bond), typically in the penal sum of $5,000. The bond obligates the collection agency to faithfully comply with the provisions of the law and to reimburse anyone damaged financially due to the failure of the collection agency to comply with the provisions of the law. Any damaged person may bring an action against the bond but the aggregate liability of the surety company to all damaged parties is limited to the penal sum of the bond.

How Much Will My Surety Bond Cost?

Surety Bonds Direct offers Indiana Collection Agency Bonds completely online without a credit check or any paperwork at exceptionally low prices. Going direct is that easy!




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