Transient seller of consumer merchandise bond cost
Transient sellers of consumer merchandise in Maine must post $10,000 surety bonds prior to conducting business.These bonds are subject to underwriting consideration, but qualified applicants could pay as low as $100! Bad credit? No problem! We approve 99% of applicants for the bonds they need quickly, easily and accurately.
Why this bond
By posting a Maine transient seller surety bond, principals (transient sellers) pledge to comply with all requirements of Title 32, Chapter 128, Section 14708, Subsection 3 of the Maine Revised Statutes and make full accounting and payment of all funds collected while on the job.
If the principal fails to comply with these terms, the bond protects harmed parties from financial loss up to the full amount of the bond. The principal, in turn, must reimburse the surety for all damages paid out.
Transient seller of consumer merchandise bonds in Maine remain in full force and effect until the state releases the surety from liability or the surety cancels the bond. The surety can cancel the bond by giving written notice of cancellation to the state and the principal at least 30 days prior to the effective cancellation date.
These bonds expire on April 30, so your bond premium could be prorated depending on when you buy it. Our team of surety experts works hard to get you bonded according to your specific needs.
Become a transient seller
To become a registered transient seller in Maine, applicants must:
- fill out the application package in its entirety
- pay the registration fee of $100
- fill out an SBI Form and pay $8.00 for a criminal background check
- post a surety bond
- and more
Applicants must also be sure to register all of his or her employees who will act on the company’s behalf while selling. The registration fee for each additional employee is $50.Take the first step toward becoming licensed in Maine by purchasing the surety bond you need quickly and easily!
Apply for your surety bond
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