Maine Mortgage Loan Originator Bond - $50,000

Mortgage loan originators must obtain licenses if they intend to originate loans.  A $25,000 bond is required. A MLO may obtain their own surety bond rather than being covered under the company’s bond and have the company sponsorship. In that circumstance, the MLO would still be authorized to conduct business. 

Bond Amount Required	Annual Premium
$25,000	$150