Maine loan broker bonds.
$150 flat.
Maine requires a loan broker to file evidence of a $25,000 surety bond with its license application under 9-A M.R.S. §10-202, on file through NMLS with the Bureau of Consumer Credit Protection. The bond runs to the State for anyone with a cause of action against the broker. Ours is $150 flat.
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How much does a Maine loan broker bond cost?
$150 at the $25,000 amount, the same for every applicant.
Three steps. One sitting.
Loan broker license bonds are among the simplest filings in surety. Here's the entire process:
Apply online
Business details, an effective date, and a term. That is the application. No credit check.
Pay & e-sign
This bond is checkout-priced at $150 flat, so it issues the moment you pay — your executed bond and power of attorney generate on the spot.
File through NMLS
Your executed bond arrives by email, ready to file with your loan broker license through NMLS with 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 licenses loan brokers through the Bureau of Consumer Credit Protection under Article 10 of the Consumer Credit Code, with filings made through NMLS. Under 9-A M.R.S. §10-202, each license application must be accompanied by evidence of a surety bond in the aggregate amount of $25,000, running to the State — for use by the State and any person with a cause of action against the broker. (A broker acting solely as a refund-anticipation-loan facilitator posts $10,000 instead.)
It's a three-party arrangement: you (the principal), the surety carrier, and the State of Maine (the obligee). The bond stands behind your compliance with the Consumer Credit Code — the fee, disclosure, and conduct rules that protect people who pay a broker to arrange or obtain credit.
It is not insurance for you — if the surety pays a claim, you repay the surety. The bond's term runs concurrent with the license 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 $25,000 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 through NMLS. Your executed bond arrives by email, ready to file with your loan broker license through NMLS with the Bureau of Consumer Credit Protection. Wet-ink original mailed on request.
What sets the price
The premium is fixed at $150 at the $25,000 amount for every applicant: the carrier’s rate book prices this bond by the form, not by your credit or your business profile.
No credit check.
One application, issued instantly.
These are the actual issuing fields — business details, an effective date, and a term. That is the entire application.
Start the application →Common questions.
Maine mortgage license bonds.
We write 2 mortgage license bonds in Maine. Each license has its own bond, amount and price; pick the one your license calls for.
| License bond | Required by | Bond amount | Price |
|---|---|---|---|
| Loan Broker Bond ($25,000) (this page) | 9-A M.R.S. §10-202 | $25,000 | $150 |
| Mortgage Loan Originator Bond ($50,000) | 9-A M.R.S. §13-113 | $50,000 | $300 |
Other Maine bonds.
Been told you need a different amount?
Price and requirements checked on the carrier’s application, . Page updated .
Finish your loan broker license today.
$150 flat, issued the moment you pay, no credit check. Free until issued.