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Maine Loan Broker Bond

Bond Requirements and Online Application

The Maine Loan Broker Bond is required by the Maine Department of Professional & Financial Regulation.

Maine Revised Statutes, Consumer Credit Code, Title 9-A, Article 2, Part 3 outlines licensing and bonding of mortgage loan brokers and mortgage supervised lenders, along with non-profit lenders. The Maine Loan Broker Bond ensures that the principal will comply with the Maine Consumer Credit Code and, in case of noncompliance, will pay any monies that may become due.

The required amount for this bond is $25,000.Maine Loan Broker Bond

The price for the bond, also known as the bond premium, is only a small fraction of the bond amount. The applicant should verify the bond amount with the obligee before applying for the bond to ensure the bond amount is correct.

Valid: Continuous – Renewable

Due to its continuous nature, the bond remains in full force until the Surety is released from liability by the Superintendent of the Bureau of Consumer Credit Protection or until the bond is cancelled.

Licensing Fees and Requirements:

  • Surety bond
  • Application through NMLS
  • $200 registration fee
  • Pass SAFE test and pay $92 fee

All licensing fees are required by the obligee, not the surety company.

CLICK HERE for additional licensing information from State of Maine, Department of Professional & Financial Regulation  

APPLY for this bond and get a free quote

How to Get Your Maine Loan Broker Bond

1. Complete an online application. It's free and no-obligation. 2. One of our surety experts will contact you with a firm quote and an agreement to sign. 3. Provide payment and your signed agreement, and then you will receive your Maine Loan Broker Bond!   If you have any questions, please call us at 877-654-2327.
1. Apply Online Using our Free & Secure Application 2. Get Your Free Quote Applications are No-Obligation 3. Get Your Bond Most Bonds are Approved in 1-2 Business Days