Me. Rev. Stat. tit. 32, § 6100-S (2025)
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.
[PL 2023, c. 662, §2 (NEW).]
2. Amount The amount of the required security is $100,000.
[PL 2023, c. 662, §2 (NEW).]
3. Exceeding maximum required bond amount A licensee may exceed the maximum required bond amount pursuant to section 6100‑T, subsection 1.
[PL 2023, c. 662, §2 (NEW).]
PL 2023, c. 662, §2 (NEW).