{"id":857,"date":"2013-04-16T05:32:54","date_gmt":"2013-04-16T05:32:54","guid":{"rendered":"http:\/\/suretyone.com\/blog\/?p=857"},"modified":"2017-01-03T16:20:37","modified_gmt":"2017-01-03T16:20:37","slug":"maine-debt-collector-bond","status":"publish","type":"post","link":"https:\/\/suretyone.com\/blog\/maine-debt-collector-bond\/","title":{"rendered":"Maine Debt Collector Bond"},"content":{"rendered":"<p>A person needs to be licensed as a debt collector and provide a <strong><a title=\"Surety One\" href=\"https:\/\/suretyone.com\" target=\"_blank\">Maine debt collector bond<\/a><\/strong> to the State if the principal purpose of his or her business is the collection of any debts directly or indirectly owed or due or asserted to be owed or due another. A license is required if the debt collector is located in Maine or if the debt collector, wherever located, attempts to collect debts incurred between a Maine resident and a business located in Maine. In addition, a license is required if the debt collector engages in face-to-face solicitation of creditors in this State as clients, or if the debt was originally incurred in Maine. Each application must be accompanied by a <strong>Maine debt collector bond<\/strong>. The term of the bond must run concurrent with the period of time during which the license will be in effect. The size of the bond varies with the type of debt collection and the gross collections on behalf of Maine creditors each year. A new applicant undertaking direct collections must obtain a <strong><a href=\"https:\/\/suretyone.com\/commercial-surety-bonds\" target=\"_blank\">Maine debt collector bond<\/a>\u00a0<\/strong>in the amount of $20,000.00. \u00a0A new applicant who limits their activities to repossessions needs a $15,000.00 bond. \u00a0A letter writing company is required to obtain a $5,000.00 surety bond. \u00a0 The bond obligation guarantees that the debt collector will within 30 days after the close of each calendar month, report and pay to its customers the net proceeds due and payable of all collections made during said calendar month, or deliver all repossessed property, and shall strictly, honestly and faithfully comply with all provisions of state law including <a title=\"ME debt collection laws\" href=\"http:\/\/www.mainelegislature.org\/legis\/statutes\/32\/title32ch109-A.pdf\" target=\"_blank\">Title 32, M.R.S.A., Sections 11001 to 11054<\/a>.\u00a0<strong>Maine surety leader<\/strong>,\u00a0<a title=\"Surety One\" href=\"https:\/\/suretyone.com\/\" target=\"_blank\">Surety One, Inc.<\/a>, specializes in the bonding needs of the insurance and financial services sector. \u00a0We offer debt collector surety bonds<em>\u00a0<\/em>to all applicants in every state where bonds are required. We also offer\u00a0<a title=\"Surety One fidelity bond page\" href=\"https:\/\/suretyone.com\/fidelity-bonds\" target=\"_blank\">fidelity bond<\/a>\u00a0coverages especially for colletions agencies to protect against internal dishonesty losses. \u00a0Visit\u00a0<a title=\"Surety One\" href=\"https:\/\/suretyone.com\/\" target=\"_blank\">SuretyOne.com<\/a>, call\u00a0<span style=\"color: #ff0000;\">(787) 333-0222<\/span>\u00a0or\u00a0<span style=\"color: #ff0000;\">(800) 373-2804<\/span>, or email\u00a0<span style=\"color: #ff0000;\">Underwriting@SuretyOne.com<\/span>\u00a0for an\u00a0<strong>Maine debt collector bond<\/strong>\u00a0application or information about any surety product.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A person needs to be licensed as a debt collector and provide a Maine debt collector bond to the State if the principal purpose of his or her business is the collection of any debts directly or indirectly owed or&#8230; <a class=\"more-link\" href=\"https:\/\/suretyone.com\/blog\/maine-debt-collector-bond\/\">Continue Reading &rarr;<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[139],"tags":[1054,1051,1053,1052],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.7.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Maine Debt Collector Bond &bull; Surety One, Inc.<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/suretyone.com\/blog\/maine-debt-collector-bond\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Maine Debt Collector Bond &bull; Surety One, Inc.\" \/>\n<meta property=\"og:description\" content=\"A person needs to be licensed as a debt collector and provide a Maine debt collector bond to the State if the principal purpose of his or her business is the collection of any debts directly or indirectly owed or... 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