Indiana 40495- Application (and renewal) for Collection Agency License is a form issued by the Indiana Secretary of State's office that must be filled out by any business or individual wishing to operate a collection agency within the state of Indiana. It is important to note that collection agencies must be licensed in order to legally collect debts in Indiana. The Indiana 40495- Application (and renewal) for Collection Agency License requires applicants to provide information such as the name of the business, the names of all owners and officers, the address of the business, and other details regarding the collection agency. Furthermore, applicants must also provide information on any criminal convictions or pending criminal charges, as well as other financial information. Once the application is submitted, the Indiana Secretary of State's office will review the information and make a decision on whether to grant or deny a license to the collection agency. After the license is issued, the collection agency must renew it annually to remain in good standing and legally operate in the state. There are two types of Indiana 40495- Application (and renewal) for Collection Agency License: one for new applicants and one for existing agencies wishing to renew their license.