How much does a transient seller of consumer merchandise bond cost in Maine?
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. Apply for your free bond quote now!
|Bond Type||Bond Amount||Cost by Credit Score*|
|680 and up||679 - 600||599 or lower|
|Surety Bond of Transient Seller of Consumer Merchandise||$10,000||Starts at $100||$400-800||$1,000+||Apply Now|
Call SuretyBonds.com at 1 (800) 308-4358 or fill out our online bond request form now. We’ll provide your free, no-obligation bond quote within 1 business day of submitting your application!
Why do I need 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.
Ready to get bonded quickly, easily and accurately? Request your free bond quote now!
What’s the fine print?
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.
How to become a transient seller in Maine
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.
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