State of Maine - Surety Bond Of Professional Solicitor Or Commercial Co-Venturer
Professional Solicitor or Counsel
Overview
What it is.
Professional Solicitor or Counsel
Who usually needs it
Professional solicitors in Maine who, for compensation, solicit contributions for charitable organizations must obtain this $25,000 bond when applying for initial or renewal licensure. The bond must be submitted with the license application to the Director of the Office of Consumer Credit Regulation as mandated by Maine Revised Statutes Title 9, Chapter 385.
Pricing & timing
What to expect.
Generic pricing
License bonds are required by state and local governments to ensure compliance with industry regulations. Typical Pricing:. • Small bonds (under $25,000): Typically $100–$250 per year (flat fee). • Larger license bonds: Commonly around 1–5% of the bond amount annually. • Credit impact: Good credit: starting around 1–2% · Average credit: typically 2–4% · Credit challenges: often 4–5% or higher. Same-day approval is typical for many common license bonds. Some license bonds may price higher de…
Typical timeframe
Issuance timeframe varies by bond type and underwriting
Application
What to do next.
Tell us the bond name, state, and amount on your form.
Share business and applicant info so the team can quote it.
Sign and pay; we issue the bond and send you the documents.
Keep your effective date and renewal date on file with us.
Start the application.
You are on the exact bond page. The next step is to start the quick application.
StateMEBond amount$25,000ObligeeState of MaineBond classLicense BondCategoryOtherBondState of Maine - Surety Bond Of Professional Solicitor Or Commercial Co-VenturerPlain descriptionProfessional Solicitor or CounselWho needs this bondProfessional solicitors in Maine who, for compensation, solicit contributions for charitable organizations must obtain this $25,000 bond when applying for initial or renewal licensure. The bond must be submitted with th…
