Maine Mortgage Licensing

Mortgage Banker

Supervised Lender License

Physical In-State Office Required: No
Qualifying Individual: No
Minimum Net Worth: $25,000
Surety Bond: $50,000 per Location (Capped at $500,000)

License Cost Breakdown – Estimated fees not including Integrity Mortgage Licensing 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

Mortgage Broker

Loan Broker License

Physical In-State Office Required: No
Qualifying Individual: No
Minimum Net Worth: $ None
Surety Bond: $25,000

License Cost Breakdown – Estimated fees not including Integrity Mortgage Licensing 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

Mortgage Servicer

Loan Servicer Registration

Physical In-State Office Required: No
Qualifying Individual: No
Minimum Net Worth: $ None
Surety Bond: $ None
Education/Experience: None

License Cost Breakdown – Estimated fees not including Integrity Mortgage Licensing Service Fee:
$20 – Notification Fee

Regulated by:

Office of Consumer Credit Regulation

35 State House Station
Augusta, Maine 04333-0035
Telephone: 207-624-8527
Fax: 207-582-7699