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 $50,000 surety with the Bureau. Section 6174 sets that amount on a form the Bureau approves and ties the bond to the registration period. The bond protects the Bureau and people who have a claim against the provider. Registrations file through NMLS.
Common bond amount
$50,000
Fixed $50,000 under 32 M.R.S. § 6174.
How you file
File through NMLS with the Bureau of Consumer Credit Protection
Renewal
Keep the bond in place 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 sets the amount at $50,000. 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 $50,000 bond in the exact legal name on the filing, in a form the Bureau accepts. Keep the bond active while registered. If you still have a paper bond, update it in NMLS 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
- Who can claim
- The Bureau, and people with a claim against the provider
- Term
- Keep active while registered
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 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 Bureau finds reasonably necessary under 32 M.R.S. §11032. The Bureau of Consumer Credit Protection publishes the operative amounts: new direct-collection applicants post $20,000, repossession or residential property-preservation applicants post $15,000, and letter-writing companies that make no direct collections post $5,000. At renewal, average monthly gross Maine collections set the amount from $15,000 under $10,000 a month up to $50,000 when monthly averages exceed $40,000. Repossession and property-preservation renewals stay at $15,000, and letter-writing renewals stay at $5,000. Sureties may cancel with thirty days’ notice to the Bureau, and most debt-collector bonds now file through NMLS.
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 $25,000 surety under 9-A M.R.S. §10-202, reduced to $10,000 when the broker works solely as a refund-anticipation loan or check facilitator. Bureau FAQs require that $25,000 coverage for every licensed location and allow one combined bond that lists each address. Supervised lenders under §2-302 must attach a $50,000 surety to each branch application; the administrator may also require a main-office bond not exceeding $50,000. Both license paths now file through NMLS.
Money Transmitter Bond
$100,000
Money transmission applicants and licensees under Title 32 chapter 79-A must keep $100,000 of security on file with the Bureau. Section 6100-S allows either a surety bond the Bureau accepts or, with approval, a deposit instead of a bond. You may need more than $100,000 if the Bureau’s investment rules under section 6100-T require it. Licensing and bonding for this program run through NMLS.
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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