The Superintendent of the Bureau of Consumer Credit Protection of the State of Maine requires this surety bond in the amount of $25,000 under Title 9-A, Section 10-202. The bond ensures that the bond holder will perform the duties and obligations pertaining to the business of a Loan Broker in compliance with state law including 9-A M.R.S.A., Section 10-101 et seq., to be conducted in accordance with the tenure of the license of the said Loan Broker. In most cases, the premium on this bond is as little as $176.
To Attain a Maine Loan Broker 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.