This surety bond is required by the Superintendent of the Bureau of Consumer Credit Protection of the State of Maine under Maine Revised Statutes Title 32, Section 11032. The bond covers all claims collected, property converted and losses occasioned by the licensee. It protects the bond holder’s customers by ensuring that the bond holder will report and pay to its customers the net proceeds due and payable of all collections made during each calendar month and faithfully comply with all provisions of state law. The required bond amount varies, but Surety1 can provide this bond at a competitive price regardless of the bond amount you need.
To Attain a Maine Debt Collector / Repossession Bond:
- Complete an online application.
- One of our expert commercial surety agents will call and email you with the firm quote and an agreement to sign.
- Provide payment and your signed agreement, then you will receive your bond!
** all bonds are subject to the underwriting terms and conditions of the issuing company.