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Collection Agency Licensing Requirements:

Article 11 of Title 25 of the Indiana Code provides the rules and regulations for the licensing of a Collection Agency. No person or business entity may operate a collection agency in the State of Indiana without first obtaining a license from the Secretary of State. Payment of a licensing fee and provision of a Surety Bond in the sum of $5,000.00 are required before a license may be issued. Non-Indiana applicant is required to designate in writing a resident agent within Indiana for service of process. Application and detailed information for licensing and bond requirements may be obtained from the Securities Division of the Secretary of the State of Indiana as follows:
SECRETARY OF STATE SECURITIES DIVISION
302 West Washington Street, room E111
Indianapolis, Indiana 46204
Tel: 317-232-6681 Fax: 317-233-3675  

The Securities Division of Indiana Secretary of State's office regulates and oversees the securities industry in the State of Indiana. In addition the Securities Division also has regulatory authority over several other occupations and business activities not related to the securities industry. Other occupations or business activities regulated by the Securities Division are collection agencies, investment advisers, and broker-dealers and their agents. For more information, follow this link.
 

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