Per-Location: $25K / $50K
Broker: $25K per location. Lender: $50K per location. Aggregate bond option covering all locations. Individual MLO $50K if not employer-covered.
ME Bureau Consumer CreditTitle 9-A M.R.S.A.Same-Day Issuance
Maine Mortgage Broker Surety Bond
Secure your Maine loan broker or supervised lender license with a surety bond from Surety One, Inc. Loan brokers $25,000 per location, supervised lenders $50,000 per location. Aggregate bond option for multi-location operations.
ME Mortgage Bond
$25K / $50K
Per location • Loan broker & supervised lender • Premium based on credit
Loan Broker (per location)$25,000
Supervised Lender (per location)$50,000
MLO (if not employer-covered)$50,000
Aggregate bond for multi-locationSum of all locations
ObligeeSuperintendent, BCCP
TurnaroundSame Day
Get Your Free Quote
Understanding Your Bond
What Is a Maine Mortgage Broker Surety Bond?
A Maine mortgage broker surety bond is required by the Maine Bureau of Consumer Credit Protection (BCCP), under the Department of Professional & Financial Regulation, as a condition of licensure under the Maine Consumer Credit Code, Title 9-A M.R.S.A.
Maine uses a distinctive per-location bond structure: loan brokers need $25,000 per licensed location, and supervised lenders need $50,000 per licensed location. A single aggregate bond may cover all locations (e.g., main office + 3 branches = $100,000 aggregate for a broker), but must list each location's address.
Maine does not require an in-state physical office, but does require registration as a foreign corporation with the Maine Secretary of State. MLOs not covered by an employer's bond need their own $50,000 individual bond. The Superintendent must find the applicant's financial responsibility, character, and fitness warrant honest and fair operation.
The Three Parties
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PrincipalThe loan broker or supervised lender who purchases the bond and must comply with the Maine Consumer Credit Code.
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ObligeeThe Superintendent of the Bureau of Consumer Credit Protection of the State of Maine — the regulatory authority requiring the bond.
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SuretySurety One, Inc. — the company that underwrites and issues the bond, guaranteeing the principal's compliance with Maine mortgage licensing law.
Per-Location Bonds — Aggregate Option Available
Maine requires a separate $25,000 bond per location for brokers (or $50,000 for lenders), but allows a single aggregate bond covering all locations. The aggregate bond must list each individual location's address. NMLS does not support branch ESBs — submit a single company ESB for the aggregate amount.
Bond Amount Requirements
Maine Mortgage Bond Amounts
| License Type / Location | Bond Amount |
|---|---|
| Loan Broker — Main Office | $25,000 |
| Loan Broker — Each Branch | $25,000 |
| Supervised Lender — Main Office | $50,000 |
| Supervised Lender — Each Branch | $50,000 |
| Individual MLO (not employer-covered) | $50,000 |
Maine Licensing Requirements
Key Bond & Licensing Requirements
Bureau Consumer Credit Protection
ME Dept. of Professional & Financial Regulation, BCCP. Superintendent. Phone: (800) 332-8529. No in-state office required, but must register as foreign corporation.
Maine Consumer Credit Code
Title 9-A M.R.S.A., Article 2, Part 3. Also § 10-202 (loan broker bond). Superintendent evaluates financial responsibility, character, and fitness.
Character & Fitness Standard
Superintendent must find financial responsibility, character, and fitness warrant honest and fair operation. Sample disclosure forms and origination forms required. Trust Account Authorization.
NMLS + Mail to BCCP
NMLS ESB for company licenses. Branch bonds submitted as aggregate on company ESB. Original bond must also be mailed to the Bureau. ESB conversion required by Jan. 31, 2026.
Continuous / 30-Day Cancel
Continuous bond. 30-day written notice to BCCP before cancellation. December 31 renewal. Separate bonds required for separate license types (e.g., lender + debt collector).
Consumer Protection
What Does This Bond Protect Against?
Consumer Credit Code Compliance
Compliance with all provisions of Title 9-A of the Maine Consumer Credit Code, ensuring honest and fair mortgage lending practices.
Per-Location Coverage
Each licensed location carries its own bond amount, ensuring consumer protection is proportional to the licensee's geographic footprint.
Individual MLO Protection
MLOs not covered by an employer's bond must maintain their own $50,000 bond, extending protection to independent originator activities.
Character & Fitness Standard
The Superintendent evaluates financial responsibility, character, and fitness — a holistic standard beyond just credit scores.
How It Works
Get Your Maine Mortgage Broker Bond in 4 Steps
Apply Online
Complete our mortgage bond application online or call us at (800) 373-2804. Free and no obligation.
Get Your Quote
Our underwriters provide a competitive premium quote, typically within hours. We work with all credit profiles.
Purchase & Sign
Accept your quote, complete the indemnity agreement, and pay your premium.
Filed via NMLS
Surety One files your Electronic Surety Bond through the NMLS, satisfying the licensing requirement.
Understanding Your Premium
How Is My Premium Determined?
Your premium is a percentage of your required bond amount, individually determined through underwriting review. You do not pay the full bond amount.
| Underwriting Factor | How It Affects Your Premium |
|---|---|
| Required Bond Amount | Higher bond amounts result in higher premiums. |
| Personal Credit Score | Your FICO score is a primary factor. Stronger credit = lower rates. |
| Financial Statements | Personal and/or business financials may be required for larger bonds. |
| Industry Experience | Your mortgage industry history influences risk assessment. |
| Claims History | Prior surety bond claims may affect terms offered. |
Every Applicant Receives a Personalized Quote
Surety One provides free, no-obligation quotes — and we decline no application. Apply now or call (800) 373-2804.
Common Questions
Maine Mortgage Broker Bond FAQ
ME loan broker bonds are $25,000 per location and supervised lender bonds are $50,000 per location. An aggregate bond covering all locations is available. Your premium is individually determined by credit.
Yes. A single aggregate bond may cover all locations, but must list each individual location's address. For example, a broker with a main office and 3 branches would need a $100,000 aggregate bond.
No. Maine does not require a physical office in the state. However, you must be licensed by the Bureau and registered as a foreign corporation with the Maine Secretary of State.
MLOs employed by a licensed broker or lender are covered by the company's bond. Independent MLOs not covered by an employer need their own $50,000 individual bond.
The Maine Bureau of Consumer Credit Protection (Superintendent) requires the bond under Title 9-A M.R.S.A. Phone: (800) 332-8529.
Yes. Surety One declines no application. Maine's $25,000 broker bond is accessible, and our non-standard programs serve all credit profiles.
Maine licenses expire December 31. Continuous bond with 30-day cancellation notice. ESB conversion through NMLS must be completed by January 31, 2026.
The Surety One Advantage
Why Choose Surety One, Inc.?
ME Per-Location Specialists
Maine's per-location bond structure requires precise aggregate calculations. We handle multi-location configurations efficiently from a single point of contact.
Same-Day Issuance
Most Maine mortgage bonds are issued the same business day. Our 24/7/365 underwriting team provides guaranteed same-day feedback.
A+ BBB Rated
Surety One carries an A+ rating with the Better Business Bureau in both our U.S. and Puerto Rico offices.
All Credit Accepted
We decline no application. Maine's $25,000 broker entry bond is among the most accessible in New England.
New England Expertise
Operating across New England? We complement your ME bond with NH, VT, MA, and CT coverage from a single point of contact.
Free Quotes, No Obligation
Application review and quoting are always free. There is no obligation to purchase.
