Who requires it
Indiana Secretary of State — Securities Division
License & permit · Indiana
Indiana Collection Agency Bond
Indiana collection agencies licensed through the Secretary of State Securities Division must maintain an electronic surety bond filed in NMLS. The amount equals five thousand dollars ($5,000) for each office the agency operates in Indiana, combined into one bond associated with the main office. The bond runs to the people of Indiana and covers faithful accounting of money collected for clients.
Common bond amount
$5,000 per Indiana office
Combine $5,000 × each Indiana office into one NMLS electronic bond at the main office.
How you file
File electronically through NMLS; stays in force while licensed
Renewal
Continuous while licensed; Dec 31 license renewals
Who requires it
Individuals and entities that meet the Indiana definition of a collection agency and must register with the Securities Division, unless excluded from that definition. Branch offices that solicit or collect claims also trigger the per-office bond sizing and separate branch licensing through NMLS.
How much is required
IC 25-11-1-3 and the Division’s collection-agency page require an electronic surety calculated as $5,000 multiplied by the number of offices operated in Indiana. Combine those amounts into a single NMLS electronic surety bond tied to the main office.
How to get and file it
Have an Indiana-authorized surety issue an electronic surety bond through NMLS in the aggregated amount. Complete the company (MU1) and any branch (MU3) filings, the Collection Agency Licensing Affidavit, and other NMLS checklist items the Division publishes. The bond stays in force through the license period and any renewal. Approved licenses expire December 31; renew before January 1. If the surety notifies the secretary of state and you that it will terminate liability, you must file a new bond or discontinue operations no later than thirty days after the secretary receives that notice—or face revocation after that period if no replacement is filed.
Cost note
Those figures are the required bond amounts, not the premiums you pay. See bond amount vs premium. Bond amount vs premium →
Requirement checklist
- Per-office amount
- $5,000 for each office operated in Indiana
- Aggregation
- One electronic bond at the main office for the total
- Filing
- NMLS electronic surety bond
- Surety termination
- File a replacement or discontinue operations within 30 days after SOS receipt of termination notice
Official sources
Related resources
Frequently asked questions
Do I need a separate bond for each branch?
Size the coverage at $5,000 per Indiana office, but file one combined electronic bond associated with the main office. Each qualifying branch still needs its own NMLS branch license.
When do collection agency licenses expire?
Approved licenses expire December 31. Submit renewal filings and fees before January 1 to keep operating.
Surety basics (not repeated here)
Universal surety concepts explained once—linked here instead of repeated on every state or bond page.
Continue with a Indiana application
Indiana will be preselected. Choose your bond type in the application—we confirm the correct product against your agency form before anything is issued.
Last verified 2026-08-10. This guide is based on verified educational content and official sources.
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