1 (844) 589-9732

The $25,000 Maine loan broker bond is issued to you in minutes. There is no credit inquiry and the cost is just $188 annually. Please call AmeriPro Surety Bonds at 844-589-9732.

Maine Loan Broker Bond |

AmeriPro Surety Bonds | 844-589-9732

Maine — The way life should be..

 

 

 

Maine Loan Broker Licensing

 

 

 

According to the Consumer Credit Protection, a division of the state’s Department of Professional and Financial Regulation, Maine loan brokers were formerly known as “credit services organizations”.

Current Maine regulations dictate that loan brokers obtain a $25,000 surety bond as a condition for licensing. Your licensing and surety bond are required to be filed on or before January 31st of each year.

 

 

 

Qualifying and the Premium

 

 

 

With our agency, you are automatically approved for the Maine loan broker bond. This is because there is no review by an underwriter nor a credit check inquiry required.

Instead, after completion of a short surety bond application — which we’ll take from you over the phone — and payment of the premium, $188 annually, our agency issues this bond to you immediately.

For the application, we just ask you the basics — the name that should be on your surety bond and several ways to contact you. We’ll also ask you the Maine county where you live; and if you’re a DBA, the name of your business.

After this, you’re surety bond and Power of Attorney form (POA) are sent to you for signing as Principal and for filing. It is the original surety bond that you’ll need to file.

The filing address is:

State of Maine – Superintendent of Consumer Credit Protection

35 State House Station

Augusta, ME 04333-0035

 

 

 

Premium Prepayment Options

 

 

 

At $188 premium, the $25,000 Maine loan broker bond is issued to you for one year. The option also exists to prepay your bond up to 3 years.

Prepayment of the premium saves you over annual renewals. The premium prepayment options and savings are as follows:

  • If prepaid for 2 years, the premium is $338, a $38 savings;
  • If prepaid for 3 years, the premium is $489, a $75 savings.

 

 

 

Purpose of Your Surety Bond Requirement

 

 

 

Your loan broker surety bond is a financial guarantee of your compliance with 9-A Maine Revised Statutes Annotated, Section 10-101, and any future amendments to this legislation.

 

 

 

About Us

 

 

 

AmeriPro Surety Bonds is a surety bonds-only agency. We provide loan broker surety bonds where required nationwide.

Our agency also provides license and permit bonds in all 50 states.

Please call our agency today at:

 

844-589-9732

 

Or, you may fill out the form below and an agent will contact you…

 

Request a Callback

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