The State of Maine, Department of Professional & Financial Regulation, Consumer Credit Protection, through the National Mortgage Licensing System, is tasked with the licensing of residential mortgage supervised lender, mortgage loan brokers, mortgage loan originators. The Maine Revised Statutes, Consumer Credit Code, Title 9-A, Article 2, Part 3 defines the licensing of mortgage loan brokers, mortgage supervised lenders and mortgage loan originators and the surety bond requirement.
The premium that you pay for a Maine Mortgage Loan Originator Surety Bond is dependent on credit. Premiums start at .75% of the bond amount with good credit. Contact our Surety Bond Specialists for a free quote that fits your specific situation.
The State of Maine requires mortgage loan originator licenses to be renewed by December 31 of each year.
Check out our FAQ page or What’s a Surety Bond? page. Should you need or choose to buy a surety bond, buy from us. SuretyGroup.com has been underwriting surety bonds throughout the U.S. for more than 35 years. When you work with us, you enjoy the unique benefit of dealing with a team of highly experienced surety agents with in-house underwriting authority. This allows you to receive competitive, low rates, quick approvals, and immediate bond delivery. In most cases, your bond will be delivered within 24 hours after you apply for it.
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