{"id":841,"date":"2013-04-11T05:05:15","date_gmt":"2013-04-11T05:05:15","guid":{"rendered":"http:\/\/suretyone.com\/blog\/?p=841"},"modified":"2017-01-03T16:20:38","modified_gmt":"2017-01-03T16:20:38","slug":"indiana-collection-agency-bond","status":"publish","type":"post","link":"https:\/\/suretyone.com\/blog\/indiana-collection-agency-bond\/","title":{"rendered":"Indiana Collection Agency Bond"},"content":{"rendered":"<p>If you wish to conduct debt collection activities in Indiana, you will need to provide an <strong><a title=\"Surety One\" href=\"https:\/\/suretyone.com\" target=\"_blank\">Indiana collection agency bond<\/a><\/strong> and file for the appropriate license from the regulatory authority. \u00a0The term &#8220;collection agency&#8221; includes all persons engaging directly or indirectly in the business of soliciting claims for collection, or in the collection of claims owed or due or asserted to be owed or due to another, including child support arrearages. The term &#8220;collection agency&#8221; also means and includes, but shall not be limited to, any person who sells, furnishes, or maintains a letter or written demand service, including stickers or coupon books, designed for the purpose of making demand on any debtor on behalf of any creditor for the payment of any claim wherein the person furnishing or maintaining such letter or written demand service, including stickers or coupon books, shall sell such services for a stated amount or for a percentage of money collected, pursuant to <a title=\"IN Collections agency law\" href=\"http:\/\/www.in.gov\/legislative\/ic\/code\/title25\/ar11\/ch1.html\" target=\"_blank\">Indiana Code\u00a025-11-1-1<\/a>. \u00a0The <strong>Indiana collection agency bond<\/strong> must be writtten\u00a0in the sum of five thousand dollars ($5,000) for each office the applicant operates in the State of Indiana. All bonds shall run to the people of the state of Indiana and shall be furnished by a <strong>surety company<\/strong> authorized to do business in this state. <strong>Indiana collection agency bonds<\/strong> must be conditioned upon the faithful accounting of all money collected upon accounts entrusted to such person. The <strong>Indiana collection agency bond<\/strong> must guarantee that within sixty (60) days from the date of the collection of any claim, render an account of and pay to the client, for whom collection has been made, the proceeds of such collection less the charges for collection agreed upon by and between the applicant and the client. \u00a0Any party injured or damaged by the collection agency while operating under the license, may bring a direct action against the <strong>Indiana collection agency bond<\/strong>.\u00a0<strong>Indiana surety leader<\/strong>,\u00a0<a title=\"Surety One\" href=\"https:\/\/suretyone.com\/\" target=\"_blank\">Surety One, Inc.<\/a>, specializes in the bonding needs of the \u00a0financial services sector. \u00a0We offer this type of\u00a0<em>surety bond\u00a0<\/em>to all applicants in every state where bonds are required of collection agencies. We also offer\u00a0<a title=\"Surety One fidelity bond page\" href=\"https:\/\/suretyone.com\/fidelity-bonds\" target=\"_blank\">fidelity bond<\/a>\u00a0coverages especially for colletions agencies to protect against internal dishonesty losses. \u00a0Visit\u00a0<a title=\"Surety One\" href=\"https:\/\/suretyone.com\/\" target=\"_blank\">SuretyOne.com<\/a>, call\u00a0<span style=\"color: #ff0000;\">(787) 333-0222<\/span>\u00a0or\u00a0<span style=\"color: #ff0000;\">(800) 373-2804<\/span>, or email\u00a0<span style=\"color: #ff0000;\">Underwriting@SuretyOne.com<\/span>\u00a0for an\u00a0<strong>Indiana collection agency bond<\/strong>\u00a0application or information about surety.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>If you wish to conduct debt collection activities in Indiana, you will need to provide an Indiana collection agency bond and file for the appropriate license from the regulatory authority. \u00a0The term &#8220;collection agency&#8221; includes all persons engaging directly or&#8230; <a class=\"more-link\" href=\"https:\/\/suretyone.com\/blog\/indiana-collection-agency-bond\/\">Continue Reading &rarr;<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[139],"tags":[1035,1032,1034,1033],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.7.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Indiana Collection Agency Bond &bull; Surety One, Inc.<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/suretyone.com\/blog\/indiana-collection-agency-bond\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Indiana Collection Agency Bond &bull; Surety One, Inc.\" \/>\n<meta property=\"og:description\" content=\"If you wish to conduct debt collection activities in Indiana, you will need to provide an Indiana collection agency bond and file for the appropriate license from the regulatory authority. \u00a0The term &#8220;collection agency&#8221; includes all persons engaging directly or... Continue Reading &rarr;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/suretyone.com\/blog\/indiana-collection-agency-bond\/\" \/>\n<meta property=\"og:site_name\" content=\"Surety One, Inc.\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Surety1\/\" \/>\n<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/Surety1\" \/>\n<meta property=\"article:published_time\" content=\"2013-04-11T05:05:15+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2017-01-03T16:20:38+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary\" \/>\n<meta name=\"twitter:creator\" content=\"@SuretyOne\" \/>\n<meta name=\"twitter:site\" content=\"@SuretyOne\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"C. 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