A Maine supervised lender licenses each additional office separately, and 9-A M.R.S. §2-302 requires each branch location application to be accompanied by its own surety bond — $50,000 per branch, in a form acceptable to the administrator, on file with the Bureau of Consumer Credit Protection. The premium is 0.6% of the bond amount, $100 minimum — your exact price appears at the application, and any credit screen is a soft pull only, never a hard inquiry.
















No underwriting queue — enter your amount, pay, and file the branch bond. Here is the whole thing:
Business details, the branch bond amount, an effective date, and a term. That is the entire application — any credit screen is a soft pull that never shows as a hard inquiry.
This bond is checkout-priced at 0.6% of the bond amount ($100 minimum), so it issues the moment you pay — your executed bond and power of attorney generate on the spot.
Your executed bond arrives by email, ready to file with your branch location application with the Bureau of Consumer Credit Protection. Wet-ink original mailed on request.
Maine's Consumer Credit Code licenses supervised lenders office by office. Under 9-A M.R.S. §2-302, a separate license is required for each place of business, and each branch location license application must be accompanied by a surety bond in the amount of $50,000, in a form acceptable to the administrator — on top of the bond filed with the company's main license.
It's a three-party arrangement: you (the principal), the surety carrier, and the State of Maine (the obligee). The branch bond stands behind that office's compliance with the Consumer Credit Code and the administrator's rules, so Maine borrowers dealing with any of your locations have the same recourse.
It is not insurance for you — if the surety pays a claim, you repay the surety. The bond's term runs concurrent with the branch license, so it has to stay continuously on file; we track the term and send renewal notices 60 and 30 days out. If NMLS cannot carry a separate branch bond for your filing, the Bureau may direct aggregate coverage on the company bond — follow the instruction on your notice.
These are the actual issuing fields — business details, your bond amount, an effective date, and a term. That is the entire application.
Start the application →0.6% of the bond amount, $100 minimum, issued the moment you pay. Free until issued.