Any person who engages in the business of selling merchandise to consumers by means of personal contact or telephone contact (telemarketing) and who does not have a permanent place of business within the State of Maine. Required when: Engaging in the business of transient sales of consumer merchandise (including telem…
Overview
What it is.
Any person who engages in the business of selling merchandise to consumers by means of personal contact or telephone contact (telemarketing) and who does not have a permanent place of business within the State of Maine. Required when: Engaging in the business of transient sales of consumer merchandise (including telem…
Who usually needs it
Any person who engages in the business of selling merchandise to consumers by means of personal contact or telephone contact (telemarketing) and who does not have a permanent place of business within the State of Maine.
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$10,000Term lengthAnnualObligeeMaine Department of Professional and Financial Regulation, Office of Professional and Occupational RegulationRenewalLicenses and associated bonds renew annually on April 30th. Renewal reminders are emailed to the licensee at least 30 days prior to the expiration date, including an access code for online renewal. The bond must be main…Bond classLicense BondCategoryRetail & SalesBondTransient Seller of Consumer Merchandise BondStatutory reference32 M.R.S. § 14708JurisdictionState
