Maine § 32 §6100-S Surety bond

Maine Statutes

§ 32 §6100-S — Surety bond

Maine § 32 §6100-S

Title 32PROFESSIONS AND OCCUPATIONS

Ch. 79-AMONEY TRANSMITTERS

This text of Maine § 32 §6100-S (Surety bond) is published on Counsel Stack Legal Research, covering Maine primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Me. Rev. Stat. tit. 32, § 32 §6100-S (2026).

Text

Surety bond requirements are governed by this section.

1.Security. An applicant for a money transmission license shall provide, and a licensee at all times shall maintain, security consisting of a surety bond in a form satisfactory to the administrator or, with the administrator's approval, a deposit instead of a bond in accordance with this section.

2.Amount. The amount of the required security is $100,000.

3.Exceeding maximum required bond amount. A licensee may exceed the maximum required bond amount pursuant to section 6100‑T, subsection 1.

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Surety bond requirements are governed by this section.
1.
Security.
An applicant for a money transmission license shall provide, and a licensee at all times shall maintain, security consisting of a surety bond in a form satisfactory to the administrator or, with the administrator's approval, a deposit instead of a bond in accordance with this section.
2.
Amount.
The amount of the required security is $100,000.
3.
Exceeding maximum required bond amount.
A licensee may exceed the maximum required bond amount pursuant to section 6100‑T, subsection 1.