Any person applying for a money transmission license in Maine under the Maine Money Transmission Modernization Act. Required when: Application for a money transmission license. Exemptions: The bond requirement does not apply to the United States government or its agencies, the United States Postal Service, state or lo…
Overview
What it is.
Any person applying for a money transmission license in Maine under the Maine Money Transmission Modernization Act. Required when: Application for a money transmission license. Exemptions: The bond requirement does not apply to the United States government or its agencies, the United States Postal Service, state or lo…
Who usually needs it
Any person applying for a money transmission license in Maine under the Maine Money Transmission Modernization Act.
Pricing & timing
What to expect.
Generic pricing
Miscellaneous commercial bonds cover a wide range of business obligations not fitting other categories. Typical Pricing:. • Small bonds (under $25,000): Typically $100–$250 per year (flat fee). • Larger 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. Pricing varies by specific bond type and requirements. Some miscellaneous bonds may price higher depending o…
Typical timeframe
Credit-based approval — varies by bond type
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$100,000Term lengthContinuousObligeeMaine Bureau of Consumer Credit ProtectionRenewalThe bond must be maintained at all times and is managed through the Nationwide Multistate Licensing System (NMLS). Licensees must convert to Electronic Surety Bonds (ESB) by January 31, 2026.Bond classMiscellaneous CommercialCategoryFinancial ServicesBondSurety bondStatutory reference32 M.R.S. § 6100-SJurisdictionState
