50-State Financial Services Licensing Compliance Guide
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Maine Finance Licensing

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Licenses are typically required for individuals and businesses that provide finance industry services in the United States. This guide contains information about professional finance licensing in Maine.

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Company Licenses

Maine Financial Services Company Licenses

Maine Debt Collector Branch License

Agency:Maine Department of Professional and Financial Regulation - Bureau of Consumer Credit Protection

Initial Registration

Instructions:

Debt Collector Branch Requirements

Filing Method:

Online

Agency Fee:

$200

Notarization Required?:Not Required

Registration Renewal

Instructions:

Annual Renewal Information

Filing Method:

Online

Agency Fee:

$200

Due:

Annually by December 31.

Maine Debt Collector License

Agency:Maine Department of Professional and Financial Regulation - Bureau of Consumer Credit Protection
Foreign Qualification is Prerequisite:Yes
Financial Requirements:

Applicants must have a net worth of at least $10,000 demonstrated by a financial statement.

Bond Requirements:

Varies by collection activities:

  • Applicants that will undertake direct collections: $20,000 plus $20,000 for each additional branch
  • Applicants that will undertake repossessions only: $15,000 plus $15,000 for each additional branch
  • Applicants that are letter writing companies (no direct collections): $5,000 plus $5,000 for each additional branch
Notes:

A person or company needs to be licensed as a debt collector in this State if the principal purpose of their business is the collection of any debts directly or indirectly owed or due or asserted to be owed or due another. A license is required if the debt collector is located in Maine or if the debt collector, wherever located, attempts to collect debts incurred between a Maine resident and a business located in Maine. In addition, a license is required if the debt collector engages in face-to-face solicitation of creditors in this State as clients, or if the debt was originally incurred in Maine. Repossession companies and Residential Real Estate Property Preservation providers are also debt collectors under Maine law.

Registered Agent (Special Agency) Required?Yes

Initial Registration

Instructions:

Debt Collector Requirements

Filing Method:

Online

Agency Fee:

$400

Notarization Required?:Not Required

Registration Renewal

Instructions:

Annual Renewal Information

Filing Method:

Online

Agency Fee:

$400

Due:

Annually by December 31.

Maine Exempt Mortgage Company Branch Registration

Agency:Maine Department of Professional and Financial Regulation - Bureau of Consumer Credit Protection
Foreign Qualification is Prerequisite:No
Registered Agent (Special Agency) Required?No

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$40

Registration Renewal

Filing Method:

Online

Agency Fee:

$10

Due:

  • Annually by December 31.
  • Licenses issued in November or December remain valid through the next renewal period.

Maine Exempt Mortgage Company Registration

Agency:Maine Department of Professional and Financial Regulation - Bureau of Consumer Credit Protection
Foreign Qualification is Prerequisite:No
Registered Agent (Special Agency) Required?No

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$120

Registration Renewal

Filing Method:

Online

Agency Fee:

$10

Due:

  • Annually by December 31.
  • Licenses issued in November or December remain valid through the next renewal period.

Maine Loan Broker Branch License

Agency:Maine Department of Professional and Financial Regulation - Bureau of Consumer Credit Protection
Foreign Qualification is Prerequisite:No
Registered Agent (Special Agency) Required?No

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$190

Registration Renewal

Filing Method:

Online

Agency Fee:

$75

Due:

  • Annually by December 31.
  • Licenses issued in November or December remain valid through the next renewal period.

Maine Loan Broker License

Agency:Maine Department of Professional and Financial Regulation - Bureau of Consumer Credit Protection
Foreign Qualification is Prerequisite:Yes
Registered Agent (Special Agency) Required?Yes

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$100 + $300 application fee

Registration Renewal

Filing Method:

Online

Agency Fee:

$150

Due:

  • Annually by December 31.
  • Licenses issued in November or December remain valid through the next renewal period.

Maine Money Transmitter License

Agency:Maine Department of Professional and Financial Regulation - Bureau of Consumer Credit Protection
Foreign Qualification is Prerequisite:Yes
Registered Agent (Special Agency) Required?Yes

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$500 + $50 registration fee

Registration Renewal

Filing Method:

Online

Agency Fee:

$250

Due:

  • Annually by December 31.
  • Licenses issued in November or December remain valid through the next renewal period.

Maine Non-Profit Lender Branch License

Agency:Maine Department of Professional and Financial Regulation - Bureau of Consumer Credit Protection
Foreign Qualification is Prerequisite:No
Registered Agent (Special Agency) Required?No

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$60

Registration Renewal

Filing Method:

Online

Agency Fee:

$10

Due:

  • Annually by December 31.
  • Licenses issued in November or December remain valid through the next renewal period.

Maine Non-Profit Lender License

Agency:Maine Department of Professional and Financial Regulation - Bureau of Consumer Credit Protection
Foreign Qualification is Prerequisite:Yes
Registered Agent (Special Agency) Required?Yes

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$140

Registration Renewal

Filing Method:

Online

Agency Fee:

$10

Due:

  • Annually by December 31.
  • Licenses issued in November or December remain valid through the next renewal period.

Maine Student Loan Servicer Branch License

Agency:Maine Department of Professional and Financial Regulation - Bureau of Consumer Credit Protection
Foreign Qualification is Prerequisite:No
Registered Agent (Special Agency) Required?No

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$1000 license fee + $800 investigation fee + $15 credit report fee + $36.25 background check fee

Registration Renewal

Filing Method:

Online

Agency Fee:

$900

Due:

  • Licenses expire on December 31 of each year. Licensees are recommeded to renew by December 1.
  • Licenses issued in November or December remain valid through the next renewal period.

Maine Student Loan Servicer License

Agency:Maine Department of Professional and Financial Regulation - Bureau of Consumer Credit Protection
Foreign Qualification is Prerequisite:Yes
Registered Agent (Special Agency) Required?Yes

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$1000 license fee + $800 investigation fee

Registration Renewal

Filing Method:

Online

Agency Fee:

$900

Due:

  • Licenses expire on December 31 of each year. Licensees are recommeded to renew by December 1.
  • Licenses issued in November or December remain valid through the next renewal period.

Maine Supervised Lender Branch License

Agency:Maine Department of Professional and Financial Regulation - Bureau of Consumer Credit Protection
Foreign Qualification is Prerequisite:No
Registered Agent (Special Agency) Required?No

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$20 + $100 application fee

Registration Renewal

Filing Method:

Online

Agency Fee:

$100

Due:

  • Annually by December 31.
  • Licenses issued in November or December remain valid through the next renewal period.

Maine Supervised Lender License

Agency:Maine Department of Professional and Financial Regulation - Bureau of Consumer Credit Protection
Foreign Qualification is Prerequisite:Yes
Registered Agent (Special Agency) Required?Yes

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$100 + $250 application fee

Registration Renewal

Filing Method:

Online

Agency Fee:

$100

Due:

  • Annually by December 31.
  • Licenses issued in November or December remain valid through the next renewal period.

Individual Licenses

Maine Individual Financial Services Licenses

Maine Mortgage Loan Originator License

Agency:Maine Department of Professional and Financial Regulation - Bureau of Consumer Credit Protection

Initial Registration

Instructions:

Requirements Checklist

Filing Method:

Online

Agency Fee:

$30 + $80 application fee + $15 credit report fee + $36.25 background check fee

Registration Renewal

Filing Method:

Online

Agency Fee:

$80

Due:

  • Annually by December 31.
  • Licenses issued in November or December remain valid through the next renewal period.

Explore licensing in other states:

Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District of Columbia Florida Georgia Hawaii Idaho
Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri
Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania
Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming
Revised April 19, 2024
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