Who requires it
Maine Bureau of Consumer Credit Protection
License & permit · Maine
Maine Debt Management Services Bond
Anyone registering to provide debt-management services under Maine’s Debt Management Services Act must file a fifty-thousand-dollar surety with the administrator. Section 6174 sets that combined amount on a form the administrator approves and ties the bond term to the registration period. The instrument runs to the administrator for use by the administrator and by persons who may have a cause of action against the provider. Registrations file through NMLS, and the Bureau now expects electronic surety bonds for this credential.
Common bond amount
$50,000
Fixed combined amount under 32 M.R.S. § 6174.
How you file
File electronically through NMLS with the Bureau of Consumer Credit Protection
Renewal
Concurrent with registration; keep the electronic bond while registered
Who requires it
Applicants for and holders of Maine debt-management service provider registrations under 32 M.R.S. chapter 80-A who offer covered debt-management services for a fee.
How much is required
Section 6174 fixes the combined surety at fifty thousand dollars. The statute does not publish a consumer-volume ladder for this registration bond.
How to get and file it
Complete the NMLS debt-management registration package, then have an authorized surety issue a fifty-thousand-dollar electronic surety bond in the exact legal name on the filing, in a form acceptable to the administrator. Keep the bond concurrent with the registration. Convert paper instruments to NMLS electronic surety bonds by the Bureau’s published deadline. Replace coverage before any cancellation leaves the registration unsupported.
Cost note
Fifty thousand dollars is the required bond amount, not the premium you pay. See bond amount vs premium. Bond amount vs premium →
Requirement checklist
- Required amount
- $50,000 combined
- Who can claim
- The administrator, and persons with a cause of action against the provider
- Term
- Concurrent with the registration period
Official sources
Frequently asked questions
Is this the same as the Maine debt collector bond?
No. Debt collectors license under chapter 109-A with activity- and volume-based amounts. Debt-management providers register under chapter 80-A with a fixed $50,000 §6174 surety.
Does the bond amount change with the number of clients?
Section 6174 states a single $50,000 combined amount. It does not scale that figure by client count or monthly receipts.
Related Maine bond guides
Debt Collector Bond
$5,000–$50,000
Debt collectors licensed under Maine’s Fair Debt Collection Practices Act must keep a surety the administrator finds reasonably necessary under 32 M.R.S. §11032. The Bureau of Consumer Credit Protection publishes the operative amounts: new direct-collection applicants post twenty thousand dollars, repossession or residential property-preservation applicants post fifteen thousand dollars, and letter-writing companies that make no direct collections post five thousand dollars. At renewal, average monthly gross Maine collections set the amount from fifteen thousand dollars under ten thousand dollars a month up to fifty thousand dollars when monthly averages exceed forty thousand dollars. Repossession and property-preservation renewals stay at fifteen thousand dollars, and letter-writing renewals stay at five thousand dollars. Sureties may cancel with thirty days’ notice to the administrator, and most debt-collector bonds now file as NMLS electronic surety bonds.
Loan Broker / Supervised Lender Bond
$25,000 / $50,000
Maine’s Bureau of Consumer Credit Protection treats loan brokerage and supervised lending as related Consumer Credit Code credentials with different bond amounts. Article 10 loan brokers—including firms that improve credit records or arrange consumer credit for a fee—must accompany each application with a twenty-five-thousand-dollar surety under 9-A M.R.S. §10-202, reduced to ten thousand dollars when the broker works solely as a refund-anticipation loan or check facilitator. Bureau FAQs require that twenty-five-thousand-dollar coverage for every licensed location and allow one combined instrument that lists each address. Supervised lenders under §2-302 must attach a fifty-thousand-dollar surety to each branch application; the administrator may also require a main-office bond not exceeding fifty thousand dollars. Both license paths now file electronic surety bonds through NMLS.
Money Transmitter Bond
$100,000
Money transmission applicants and licensees under Title 32 chapter 79-A must keep one hundred thousand dollars of security on file with the administrator. Section 6100-S allows either a surety bond in a form the administrator accepts or, with approval, a deposit instead of a bond. A licensee may post more than that amount when permissible-investment rules under section 6100-T call for it. Licensing and bonding for this program run through NMLS, and the Bureau of Consumer Credit Protection now receives new and converted electronic surety bonds for money transmitters.
Surety basics (not repeated here)
Universal surety concepts explained once—linked here instead of repeated on every state or bond page.
Continue with a Maine application
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Last verified 2026-08-12. This guide is based on verified educational content and official sources.
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