1 (844) 589-9732

The Maine barbering and cosmetology school bond is offered by AmeriPro Surety Bonds at 1% of the surety amount required. Please call us our surety bond agency today at: 844-589-9732.

Maine Barbering and Cosmetology Bond

AmeriPro Surety Bonds | 844-589-9732

Maine — The way life should be…

 

 

Maine Barbering and Cosmetology School License

 

 

 

Barbering and cosmetology schools in Maine are licensed and regulated by the state’s Professional & Financial Regulation department.

A condition of licensing for these schools requires you to furnish a surety bond according to the following parameters:

  • The surety bond amount is the GREATER of $20,000;
  • OR, 10% of the gross receipts from tuition received in the prior 12 months before renewal of a license;
  • But, new/first time licensees are only required to obtain a $20,000 surety bond.

 

 

 

Qualifying and the Premium

 

 

 

For any surety bond amount up to and including a $50,000 requirement, our agency offers you the Maine barbering and cosmetology bond with immediate issuance.

What this means for you is that after completing a short surety bond application — which we’ll take from you over the phone — and payment of the premium, 1% of the bond amount up to $50,000, the surety bond is issued to you immediately.

There is no credit check nor review by an underwriter.

The application will ask you the basics— the name that should reflect on your surety application; and also contact information.  We’ll also ask you whether your bond is for:

  • The Office of Professional and Occupational Regulation;
  • Or, as Finance Authority of Maine.

Amounts Greater than $50,000

If applicable, for any surety bond amount greater than $50,000, the difference is that your surety bond application must be first signed by you and “witnessed”; and there is also a personal or business credit review as part of the standard underwriting procedure.

Good credit is required for the barbering and cosmetology surety bond requirement greater than $50,000; upon approval, however, the rate remains 1%.

In either case, once the premium is paid, your surety bond is issued to you. Your surety bond, along with the notarized signature from the Surety and the Power of Attorney (POA) form are sent to you.

Before filing, you’ll have your bond notarized as Principal. Filing is through:

State of Maine

Department of Professional and Financial Regulation

35 State House Station

Augusta, ME 04333

 

 

 

Purpose of Your Surety Bond Requirement

 

 

 

The schools surety bond requirement is a financial guarantee on behalf of your students, and guarantees to them the availability of refunds pursuant to Title 32 §14246(1)(B) of the state’s statutes.

More generally, the bond protects your students against instance of fraud or malfeasance on the part of a licensed Principal.

 

 

 

About Us

 

 

 

AmeriPro Surety Bonds is a surety bonds only agency. We provide barbering and cosmetology school surety bonds where required nationwide.

Our agency is also a provider of license and permit surety bonds in all 50 states.

Please call us today at:

 

844-589-9732

 

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

 

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