IN collection agency bonds.
0.5% rate, $100 minimum.
Indiana licenses collection agencies through the Secretary of State, and the license rides on a surety bond — $5,000 for each office the agency operates in Indiana, filed through NMLS and running to the people of Indiana under IC 25-11-1-3. Ours is 0.5% of the bond amount, $100 minimum, the bond issues the moment you pay, and any credit screen is a soft pull only — it never affects your score.
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Three steps. One sitting.
Collection agency license bonds are among the simplest filings in surety. Here's the entire process:
Apply online
Business details, your bond amount, an effective date, and a term. That is the entire application — any credit screen is a soft pull that never shows as a hard inquiry.
Pay & e-sign
The premium is 0.5% of the bond amount, $100 minimum, priced at checkout — the bond issues the moment you pay, and your executed bond and power of attorney generate on the spot.
File through NMLS
Indiana collection agency bonds are filed through NMLS for the Secretary of State's review. Your executed bond arrives by email, ready to attach to your license record — wet-ink original mailed on request.
What it is and who needs it.
What the bond actually guarantees
Indiana licenses collection agencies under IC 25-11-1, administered by the Secretary of State through NMLS. The license application carries a surety bond in an amount equal to $5,000 for each office the agency operates in Indiana — furnished by a carrier authorized in Indiana and running to the people of the state.
It's a three-party arrangement: you (the principal), the surety carrier, and the people of Indiana (the obligee). The bond is conditioned on the faithful accounting of all money collected on accounts entrusted to the agency — rendering an account of collections and paying clients the proceeds, less the agreed collection charges.
It is not insurance for you — if the surety pays a claim, you repay the surety. The bond is continuous in form and must remain in force through the license period and every renewal, so it has to stay on file; we track the term and send renewal notices 60 and 30 days out.
You need this bond if you're
One application, issued instantly.
These are the actual issuing fields — business details, your bond amount, an effective date, and a term. That is the entire application.
Start the application →Common questions.
Other Indiana bonds.
Finish your collection agency license today.
0.5% of the bond amount, $100 minimum, issued the moment you pay, soft pull only. Free until issued.