United States — Maine Act or statute

United States — Maine legislation

Maine Revised Statutes, Title 9-A, § 10-202: Bond, 1989

An application must include evidence of a surety bond approved by the administrator, generally in the amount of $25,000; a $10,000 bond applies for certain refund-anticipation-only loan brokers.

loan broker licensingrefund anticipation checksrefund anticipation loanssurety bond

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01

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“An application must include evidence of a surety bond approved by the administrator, generally in the amount of $25,000; a $10,000 bond applies for certain refund-anticipation-only loan brokers.”

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    Enacted 1989 · Source version 1 Oct 2025. The date shown identifies this source expression and should not be treated as proof that no later change exists.

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Bond

An application must include evidence of a surety bond approved by the administrator, generally in the amount of $25,000; a $10,000 bond applies for certain refund-anticipation-only loan brokers.

Section 10-202

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Source record from legislature.maine.gov · Enacted 1989 · Source version 1 Oct 2025

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Part 2

part 2 REGISTRATION AND BONDING

§ 10-202BondProvision

An application must include evidence of a surety bond approved by the administrator, generally in the amount of $25,000; a $10,000 bond applies for certain refund-anticipation-only loan brokers.

Each application must be accompanied by evidence of a surety bond, in a form approved by the administrator in the aggregate amount of $25,000, to run to the State for use by the State and any person or persons who may have a cause of action against a loan broker. Notwithstanding this section, the aggregate amount of a surety bond accompanying the application of a loan broker conducting business solely as a facilitator of a refund anticipation loan or refund anticipation check must be $10,000. The terms of the bond must run concurrent with the period of time during which the license is in effect. [PL 2009, c. 248, §8 (AMD).]
Section 10-202Verify source

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  • 1 Oct 2025 · currentEnglish

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