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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?

Some Indiana Collection Agency Bonds are offered completely online without a credit check or any paperwork. Surety Bonds Direct has access to the lowest bond prices available in the market for applicants with good credit and bad credit.

It only takes a couple minutes to provide us with the information required for a free, no-obligation quote. Or if you prefer, call 1‐800‐608‐9950 to speak with one of our friendly bond experts. We can help guide you through the bonding process and identify the lowest cost in the market for your situation.

If you are interested in spreading out the cost of your bond over time, we can offer convenient financing plans for many types of surety bonds. More information will be provided with your quote.

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Surety Bonds Direct, LLC, Bonds Surety & Fidelity, Charleston, SC
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