call us: 877.514.5146

Maine Surety Bonds

  • All types of Maine surety bonds
  • 100% money-back guarantee
  • Fast and secure online applications
  • Bad credit surety bonds available
maine.png

How Do I Get My Bond?

Start Your Application


Fill out the online application form

Receive Your Free Quote


You will be sent your quote in minutes

Buy Your Surety Bond


We offer secure payment options

Maine Surety Bonds Explained

The state of Maine requires a variety of businesses and individuals to get a surety bond, to ensure compliance with certain laws and regulations. Most frequently, businesses who are getting or renewing their license or permit need a surety bond.

Before posting a surety bond, it’s important to know how it works. All surety bonds are a binding contract between three parties:

  • A principal or the side obtaining the bond
  • An obligee or the side requiring the bond
  • A surety or the side backing the agreement

When a bonding company issues a surety bond, they essentially guarantee to the obligee that the principal will adhere to the terms of the agreement. If they fail to do so, the surety and the principal are jointly responsible for compensating any claims that can arise as a result.

The table below contains a list of surety bonds in the state of Maine. You can choose the one you need and begin your online application process.

For more detailed information about getting bonded in Maine, you can keep reading for some frequently-asked questions.

Find Your Maine Surety Bond

  • Investment Advisor (Blue Sky) Bond
    Uniform Surety Bond
    Maine Securities Division
  • Collection Agency Bond
    Debt Collector/Repossession (Continuous)
    Office of Consumer Credit Regulation
  • Debt Consolidators Bond
    Debt Management
    Bureau of Consumer Credit Protection
  • Professional Fund Raisers Bond
    Professional Solicitor or Commercial Co-Venturer
    Department Of Professional & Financial Regulation
  • Insurance Agents/Brokers Bond
    Insurance Consultant's License Bond
    BUREAU OF INSURANCE
  • Insurance 3rd Party Administrator Bond
    Insurance 3rd Party Administrator Bond
    Dept of Professional & Financial Regulations
  • Mortgage Broker (1st & 2nd Mortgages) Bond
    Loan Broker
    Office of Consumer Credit Regulation
  • Mortgage Lender/Banker (1st & 2nd Mort.) Bond
    Supervised Lender
    Bureau of Consumer Credit Protection
  • Small Loan Companies Bond
    LOAN BROKER
    State Of Maine
  • Auto & Mobile Home Dealers (New & Used) Bond
    Motor Vehicle Dealer
    Bureau of Motor Vehicles - Dealer and Agent Servic
  • Auto & Mobile Home Dealers (Used Only, No New) Bond
    Motor Vehicle Dealer
    Bureau of Motor Vehicles - Dealer and Agent Servic
  • Detectives Bond
    P.I., Investigative Assistant, or Contract Securit
    State of Maine - Department of Public Safety
  • Employment Agencies Bond
    Nonprofit Organization Bond
    Maine Dept of Labor
  • Professional Licenses (All Other) Bond
    Residential Real Estate Property Peservation Servi
    State of Maine Bureau of Consumer Credit Protectio
  • Professional Licenses (All Other) Bond
    Payroll Processor Bond
    Payroll Processor Rocovery Fund
  • Turnpike/Bridge Toll Bond
    Turnpike/Bridge Toll Bond
    Maine Turnpike Authority
  • Utility Deposit Bond
    Retail Store Bond (Central Maine Power Company)
    Central Maine Power Company
  • Telemarketing/Phone Solicitor Bond
    Transient Seller of Consumer Merchandise Bond
    OFFICE OF PROFESSIONAL AND OCCUPATIONAL REGULATION

Frequently Asked Questions

Who needs to post a surety bond in Maine?

Business and individuals alike can be required to post a surety bond. The three main categories of bonds, based on their purpose, are:

  • License bonds are needed for getting a business license or permit in Maine. Many businesses, such as auto dealers, mortgage brokers, and freight brokers, are required to post a license bond, which ensures compliance with state regulations and extends protection to their customers.

  • Contract bonds are required during the bidding and execution phases of many public and private construction projects. The purpose of these bonds is to protect the interests of projects owners, subcontractors, suppliers, and laborers.

  • A court bond can be required when someone appeals a court decision or has been appointed guardian or fiduciary by a Maine court.

How much does a surety bond cost in Maine?

Surety bonds are paid for in premiums, usually annually or biannually, which are a certain percentage of the total bond amount. The total bond amount is determined by the state, and refers to the maximum amount of coverage that a principal might have to compensate a claimant for.

Premiums, on the other hand, are determined by the surety bond company and depend mostly on your personal credit score. A good credit score is considered a FICO of 650 or above, and applicants with a score in that range get premiums between 1% and 4%.

Sometimes other factors about the applicant can play a role in determining their surety bond costs as well. For more information, check our What Does a Surety Bond Cost? page. You can find some useful cost-saving tips there as well.

Can I get a Maine surety bond if I have bad credit?

Applicants with bad credit fall under the high-risk applicants category, meaning that surety bond companies assume a higher risk when underwriting bonds for them.

Some underwriters might be unwilling to assume the elevated risk, which is why we created our bad credit surety bonds program to help applicants with credit issues get bonded. Premiums for bad credit applicants range between 5% and 15%.

How do you get bonded in Maine?

The fastest way to get bonded in Maine is by using our secure online application. After submission, you will receive a free bond quote.

If you choose to proceed with your application, you will sign an indemnity agreement with the bonding company. Afterwards, we will do our best to get your bond form ready as soon as possible. If you need any assistance on our part, do not hesitate to call us at (877)-514-5146.

Most Popular Surety Bonds in Maine

Loan Broker Bond (Mortgage Brokers

This is a $25,000 bond required by the Bureau of Consumer Credit Protection of the State of Maine. It guarantees that the principal will faithfully perform the duties and obligations pertaining to the business of a loan broker, as outlined in the Maine Consumer Credit Code.

Motor Vehicle Dealer Bond

This bond is required of all licensed auto dealers by the State of Maine’s Bureau of Motor Vehicles. The specific bond amount is prorated based on the number of vehicles sold per year, ranging from $5,000 to $25,000.

Supervised Lender Bond (Mortgage Lenders/Bankers

This bond is required by the State of Maine’s Bureau of Consumer Credit Protection of all Mortgage Lenders licensed to do business in the state. Applicants should contact the obligee to determine their required bond amount.

Freight Broker Bond

Also known as BMC-84, this surety bond is required from all licensed freight brokers and freight forwarders to ensure compliance with FMCSA rules and regulations. It also extends protection to shippers and motor carriers.

Debt Collector Bond

А surety bond in an amount between $5,000 and $50,000 is required from licensed debt collectors in Maine. The bond guarantees sums collected on behalf of clients will be distributed to them in a timely manner.

Telemarketing Bond

A $10,000 telemarketer bond needs to be in place for all licensed telemarketers to ensure compliance with Title 32, Chapter 128, 14708, subsection 3 of the Maine Revised Statutes. The bond also safeguards the interest of consumers.

What Our Clients Have To Say?




Kimberlee Ables
Quick response times and turn around for issuing bonds. Great customer service and very knowledgeable. We have used Lance Surety multiple times and have never been disappointed. Highly recommend them and Collette!
Andrew Poincot
Long story short, these guys cut through the B.S. and get the job done. Responsiveness, excellent! Communication, excellent! Respect for their industry partners, excellent! John, Collette, Ryan, you're all-stars! Thank you!
Margie Martinez
We decided for Lance Surety Bond's quote for 2 reasons; Price and Customer Service. Our Representative Ryan was just SUPERB!! [...] I highly recommend Lance Surety Bond for all your Bonding needs! I'll definitely come back for all of mine. :-) Thanks Ryan!

Still Have Questions? Check Our FAQ Pages

As Featured In