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Maine Mortgage Broker bond

Maine Mortgage Broker

Maine requires a $10,000 mortgage broker bond.

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Direct answer

Do I need a mortgage broker bond in Maine?

Maine requires a $10,000 mortgage broker bond. Licensed mortgage brokers in every state that requires an ESB at licensing or renewal. Maine Bureau of Consumer Credit Protection oversees mortgage requirements in Maine, including the bond filing. The bond renews annually alongside the underlying license.

Maine Mortgage Broker bond, answered

How much is a mortgage broker bond in Maine?
Maine requires a $10,000 mortgage broker bond.
Who needs a Maine mortgage broker bond?
Licensed mortgage brokers in every state that requires an ESB at licensing or renewal.
Who regulates mortgage broker bonds in Maine?
Maine Bureau of Consumer Credit Protection oversees mortgage requirements in Maine, including the bond filing.
How do renewals work?
Renews annually alongside the underlying license.
How do I get bonded?
Send NMLS ID and target states Receive a per-state quote within one business day Surety signs the ESB in NMLS for your filing

What you will need

  • NMLS Unique Identifier
  • State list and per-state origination figures
  • Owner credit authorization

How to get bonded

  1. Send NMLS ID and target states
  2. Receive a per-state quote within one business day
  3. Surety signs the ESB in NMLS for your filing

Regulator: Maine Bureau of Consumer Credit Protection

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Mortgage Broker bond requirements by state