Maine litigation funding bonds.
$500 flat.
Maine registers litigation funding providers through the Bureau of Consumer Credit Protection, and 9-A M.R.S. §12-106(5) lets the administrator condition that registration on a surety bond. The form we write is $50,000, running to the State, at $500 flat.
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How much does a Maine litigation funding bond cost?
$500 at the $50,000 amount, the same for every applicant.
Three steps. One sitting.
The bond is the simplest part of a Maine legal-funding registration. Here's the entire process:
Apply online
Entity details, the county of your principal address, an effective date, and a term. That is the application — no financial statements to assemble, and any credit screen is a soft pull that never affects your score.
Pay & e-sign
This bond is checkout-priced at $500 flat, so it issues the moment you pay — your executed bond and power of attorney generate on the spot.
File with the Bureau
Your executed bond and power of attorney arrive by email, ready to file with your litigation funding provider registration at the Bureau of Consumer Credit Protection. Wet-ink original mailed on request.
What it is and who needs it.
What the bond actually guarantees
Maine regulates presettlement legal funding under Article 12 of the Maine Consumer Credit Code — the Legal Funding Practices Act, enacted by P.L. 2007, ch. 394 and amended by P.L. 2021, ch. 245. Article 12 covers the transaction where a company advances cash to a claimant in exchange for the right to be repaid out of the proceeds of a settlement, judgment, award or verdict — and nothing if there are no proceeds. Because §12-103 declares that legal funding is not a consumer credit transaction, Article 12 is the only rulebook it answers to, and registration with the Bureau of Consumer Credit Protection is the gate.
A litigation funding provider is defined at §12-102 as a person or entity, wherever located, that provides legal funding to a Maine consumer — so a funder in another state advancing money against a Maine claim registers exactly like a Portland office does. Under §12-106(5), the applicant files a bond satisfactory to the administrator at the time of application. It is a three-party arrangement: you (the principal), the surety carrier, and the State of Maine (the obligee), with funded consumers as the protected parties.
What the bond stands behind is the conduct Article 12 already commands: the plain-language contract and the 12-point front-page disclosure itemizing every fee and the total payable at 6, 12, 18, 24, 30, 36 and 42 months (§12-104), the consumer’s right to cancel within 5 business days by returning the funds, the attorney acknowledgment that the contract was reviewed and proceeds will run through the trust account, and the §12-105 limits — no charges assessed beyond 42 months, and compounding no more often than semiannually. It is not insurance for you — if the surety pays a claim, you repay the surety. The bond term must run concurrent with the registration period, so it has to stay continuously on file; we track the term and send renewal notices 60 and 30 days out.
You need this bond if you're
Claims, renewal, filing, and what sets the price.
If a claim is made
A claim comes from the party the bond protects, the obligee named on the form, when the duty the bond guarantees is not met.
The surety investigates and pays a valid claim, up to the $50,000 bond amount. You then repay the surety: a surety bond is a guarantee of your performance, not insurance for you.
Renewal and term
The premium covers a one-year term from the effective date you choose; a longer term is the same price per year, chosen at checkout.
Renew before the expiry date to keep the bond in force: the license, permit or contract it backs expects continuous coverage.
How to file it
File with the Bureau. Your executed bond and power of attorney arrive by email, ready to file with your litigation funding provider registration at the Bureau of Consumer Credit Protection. Wet-ink original mailed on request.
What sets the price
The premium is fixed at $500 at the $50,000 amount for every applicant: the carrier’s rate book prices this bond by the form, not by your credit or your business profile.
One soft credit pull, never a hard inquiry, and it never affects your score.
Where a check runs, it decides approval; the rate is the same for everyone approved.
One application, issued instantly.
These are the actual issuing fields — entity details, the county of your principal address, an effective date, and a term. That is the application.
Start the application →Common questions.
Other Maine bonds.
Been told you need a different amount?
Price and requirements checked on the carrier’s application, . Page updated .
Finish your Maine registration today.
$500 flat, issued the moment you pay, soft pull only. Free until issued.