Maine Debt Management Service Provider Bond
AmeriPro Surety Bonds | 844-589-9732
Maine — The way life should be…
Maine Debt Management Service Provider Licensing
Maine’s Department of Professional & Financial Regulation, Consumer Credit Protection department oversees debt management providers.
A prerequisite for licensing is that debt management services providers obtain a $50,000 surety bond. Meeting this surety bond requirement takes just a few minutes with our agency.
Qualifying and the Premium
You are automatically approved for the $50,000 Maine debt management service provider bond. There is no underwriter review nor a credit inquiry associated with obtaining your surety bond.
When you call us, we’ll ask you the basics — the name which should appear on your bond and your contact information (i.e. address, phone number, and email). We’ll also ask you the name of the county where you live, and the DBA name for your business, if this latter is applicable.
Once the annual premium of $750 is paid, our agency issues this bond to you immediately. Upon issuance, your bond, a Power of Attorney (POA) form, and our notarized signature as Surety are sent to you.
Upon receipt, you’ll sign your bond as Principal, having your signature notarized.
All of these documents are then filed to:
State of Main Office of Consumer Credit
35 State House Station
Augusta, ME 04333
Premium Prepayment Options
At $750 premium, your debt management service provider is active for one year. Thereafter, your surety bond will renew.
The option exists to prepay your bond up to 3 years. Doing so saves you over annual renewals of the premium.
The premium prepayment option and savings are as follows:
- If prepaid for 2 years, the premium is $1350, a $150 savings;
- If prepaid for 3 years, the premium is $1950, a $300 savings.
Purpose of Your Surety Bond Requirement
This bond is a financial guarantee of your compliance with all rules and regulations as detailed in the Maine Debt Management Services Act, as amended.
AmeriPro Surety Bonds is a surety bonds-only agency. We provide debt management service provider surety bonds nationwide.
Our agency is also a provider of surety bonds in all 50 states.
Please call our agency today at:
Or, you may fill out the form below and an agent will contact you…