2014 saw a significant rule change within the Bureau of Motor Vehicles, allowing non-governmental agencies to handle vehicle registrations upon approval by the Bureau and posting of a Maine Registration Agent Surety Bond. The Rule establishes the general requirements for agents including training, necessary software for reporting, inventory control, and support of the Bureau’s auditing function. The license allows the registration agent to process and issue registration credentials for most motor vehicles and long term trailers.
The surety bond required by the Bureau must be issued on the state approved form and written in the amount of twenty five thousand dollars ($25,000). The obligation guarantees the registration agent’s compliance with the terms and conditions of the registration agreement and payment of registration-related fees and taxes. The registration agent surety bond contains a cancellation provision. If surety cancels the bond another must be procured so that there is no gap in surety bond coverage. Maine Bureau of Motor Vehicles, Dealer and Agent Services is the contact for licensing. All forms and surety bond must be submitted to the Bureau at 29 State House Station, Augusta, ME 04333-0029. For further information on the non-governmental registration agent program e- mail to DealerandAgent@Maine.gov or call (207) 624-9000 extension 52143.
Maine surety bond leader, Surety One, Inc. is available for same-day servicing of your new or renewal surety bond request. Our special programs allow us to offer you bonding regardless of your credit and financial condition. We also offer fidelity bond which are helpful in protecting your agency from embezzlement exposures. Visit us at SuretyOne.com, call (787) 333-0222 or (800) 373-2804, or email us at Underwriting@SuretyOne.com for a Maine Registration Agent surety bond application or for information on any bonding.
