1 (844) 589-9732

Maine Payroll Processor Bond

The Maine payroll processor bond is issued to you at 1% of the amount required. For candidates who require a $50,000 surety bond, this is issued in a matter of minutes. Please call AmeriPro Surety Bonds today at 844-589-9732.

Maine Payroll Processor Bond

AmeriPro Surety Bonds | 844-589-9732

Maine — The way life should be…




Maine Payroll Processor License; Determining Amount of Surety Required




Payroll processing companies in Maine are required to be licensed by the state’s Department of Professional & Financial Regulation.  As a condition of licensing, a surety bond is required according to the following parameter:

The minimum surety bond amount required is $50,000; and the maximum surety bond amount is no greater than $500,000.

Determining the amount required, however, is according to a formula which is as follows:

  • The highest quarter: Jan.-Mar. Apr.-Jun. Jul.-Sep. and Oct-Dec. for the collection of state, federal, and unemployment taxes.




Qualifying and the Premium




Applicants for the $50,000 Maine payroll processor bond will be issued this bond by our agency within minutes. This is because there will be no underwriter nor credit check review.

Instead, after completion of a short surety bond application, which we’ll take from you over the phone, and payment of the $500 premium, the bond is issued to you immediately.

For any amount other than $50,000, qualifying is by completion of an application — which you’ll also need to sign and have witnessed.

There is also a careful review by our surety underwriter. As part of the review, a business or personal credit check is required. Good credit is needed for approval, and the rate is 1% of your surety amount.

After paying the annual premium, a completed surety bond and a Power of Attorney (POA) form are sent to you for filing. Upon receipt, you’ll sign your bond as Principal and file it along with the POA form to:

Office of Consumer Credit Regulation

35 State House Station

Augusta, ME 04333




Purpose of Your Surety Bond Requirement




The purpose of your Maine payroll processor bond is to serve as a financial guarantee of your compliance with 10 Maine Revised Statutes Annotated, Chapter 222, and any future amendments.

The surety bond is a guarantee of proper remittance of any money owed to the state.




About Us




AmeriPro Surety Bonds is a surety bonds-only agency which provides surety bonds throughout the great state of Maine.

We are also a provider of license and permit surety bonds in all 50 states.

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AmeriPro Surety Bonds

Our focus is exclusively surety bonds. We have two areas of concentration: YOU, our customer; and providing you with the surety bond that you need. Whether the bond is an "instant issue"; is for a contractor; a court bond; or one for a client with lower credit scores, AmeriPro Surety Bonds dedicates itself to providing our customers with a seamless, professional, and quick surety bond experience.

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