Who requires it
Maine Bureau of Consumer Credit Protection
License & permit · Maine
Maine Loan Broker & Supervised Lender Bond
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.
Common bond amount
$25,000 / $50,000
Loan broker $25,000 per location ($10,000 RAL-only); supervised lender $50,000 per branch under § 2-302(4).
How you file
File electronically through NMLS (one company bond covering all listed locations)
Renewal
Concurrent with license term; convert to an electronic surety bond on the Bureau timeline
Who requires it
Applicants for and holders of Maine loan broker licenses under 9-A Article 10 and supervised lender licenses under Article 2, filing with the Bureau of Consumer Credit Protection through NMLS.
How much is required
Loan brokers use twenty-five thousand dollars per licensed location (or ten thousand dollars for a refund-anticipation-only facilitator). Multiply by the number of locations when building a combined bond that lists every address. Supervised lender branches use a fixed fifty-thousand-dollar amount on each branch application; confirm whether the administrator also requires a main-office surety within the fifty-thousand-dollar statutory ceiling.
How to get and file it
Choose the correct NMLS license type, count covered locations, size the amount from §10-202 or §2-302, and have an authorized surety issue an electronic surety bond—typically one company electronic bond in the combined amount because NMLS does not support separate branch bonds. Keep coverage concurrent with the calendar-year license. Convert paper bonds to NMLS electronic surety bonds on the Bureau’s published timeline. Update the bond when you add a branch address or change the legal name, and replace coverage before any cancellation becomes effective.
Cost note
Location-based amounts are the required bond amount, not the premium you pay. See bond amount vs premium. Bond amount vs premium →
Requirement checklist
- Loan broker — standard
- $25,000 per licensed location (aggregate multi-location bond allowed)
- Loan broker — RAL facilitator only
- $10,000 under § 10-202
- Supervised lender — branch
- $50,000 with each branch application (§ 2-302(4))
- Supervised lender — main office
- Up to $50,000 if the administrator requires it (§ 2-302(1)(A))
Official sources
Frequently asked questions
Does Maine treat credit repair as a separate bond from loan brokerage?
No. Improving a consumer’s credit record, history, or rating for a fee is part of the loan broker definition under Article 10. Use the loan broker surety path rather than hunting for a standalone credit-services organization bond.
Can one bond cover my main office and branches?
Yes for loan brokers: Bureau FAQs allow a single combined bond that equals $25,000 times each location and lists every address. Supervised lenders likewise use a combined company electronic bond when multiple branches need $50,000 coverage because NMLS does not issue branch-level electronic bonds.
Related Maine bond guides
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.
Debt Management Services Bond
$50,000
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.
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.
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
Maine will be preselected. Choose your bond type in the application—we confirm the correct product against your agency form before anything is issued.
Last verified 2026-08-12. This guide is based on verified educational content and official sources.
Agents Ready to Help
Share your agency checklist or bond form and we will confirm the agency, amount, and filing steps before issuing.
Talk to the pro →