Maine Mortgage Licensing | Maine Office of Consumer Credit Regulation

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Mortgage Banker | Supervised Lender License

• Physical In-State Office Required: No
  
• Qualifying Individaul: No
  
• Minimum Net Worth: $25,000
  
• Surety Bond:  $50,000 per Location (Capped at $500,000)
  
• Branch Licensing: Yes
  
• Loan Originator Licensing: Yes
  

License Cost Breakdown - Estimated fees not including Regulatory Counsel Group Professional Service Fee:
$250 - Foreign Entity Fee
$125 - Registered Agent Fee
$500 – Company License Fee
$500 - $50k Surety Bond per Location
Net Assets of $25,000 or more
Quality Control Program 

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Mortgage Broker | Loan Broker License

• Physical In-State Office Required: No
  
• Qualifying Individual: No
  
• Minimum Net Worth: $ None
  
• Surety Bond: $25,000
  
• Branch Licensing: Yes
  
• Loan Originator Licensing: Yes
  

License Cost Breakdown - Estimated fees not including Regulatory Counsel Group Professional Service Fee:
$250 - Foreign Entity Fee
$125 - Registered Agent Fee
$600 – Company License Fee
$250 - $25k Surety Bond
$104 – LO License Fee
$69 – ME NMLS Test Fee 

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Mortgage Servicer | Loan Servicer Registration

• Physical In-State Office Required: No
  
• Qualifying Individual: No
  
• Minimum Net Worth: $ None
  
• Surety Bond: $ None
  
• Branch Licensing: No
  
• Loan Originator Licensing: N/A
  
• Education/Experience: None
  

License Cost Breakdown - Estimated fees not including Regulatory Counsel Group Professional Service Fee:
$20 – Notification Fee 

Regulated by:
Maine Office of Consumer Credit Regulation
35 State House Station 
Augusta, Maine 04333-0035 
Telephone: (207) 624-8527 
Fax: (207) 582-7699
http://www.maine.gov/pfr/consumercredit/index.shtml