US Legal Forms
Maine Uniform Surety Bond (USB)

Maine Contractor License Bond

Name: Maine Uniform Surety Bond (USB)
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.61 (215 reviews)

Category:

Maine Secretary of State - Blue Sky - Securities

State:

Maine

Control #:

ME-SKU-0117

Format:

Instant download

This website is not affiliated with any governmental entity

Public form

Description

Uniform Surety Bond (USB) Maine Uniform Surety Bond (USB) is a type of surety bond required by the state of Maine to protect the public from any dishonest or unlawful acts of a business or individual. Uses are most commonly required in certain professions, such as contractors, motor vehicle dealers, collection agencies, and insurance agents. This bond guarantees that the business or individual will act in accordance with all applicable laws set by the state. There are three primary types of Maine Uniform Surety Bonds: Contractor License Bond, Motor Vehicle Dealer Bond, and Collection Agency Bond. The Contractor License Bond guarantees that the contractor will complete all work in accordance with state laws and regulations and will pay all fees, taxes, and other liabilities due to the state. The Motor Vehicle Dealer Bond guarantees that the dealer will comply with all applicable laws, such as the vehicle registration and titling process. Lastly, the Collection Agency Bond guarantees that the agency will comply with all state and federal laws related to collecting debts.

Maine Uniform Surety Bond (USB) is a type of surety bond required by the state of Maine to protect the public from any dishonest or unlawful acts of a business or individual. Uses are most commonly required in certain professions, such as contractors, motor vehicle dealers, collection agencies, and insurance agents. This bond guarantees that the business or individual will act in accordance with all applicable laws set by the state. There are three primary types of Maine Uniform Surety Bonds: Contractor License Bond, Motor Vehicle Dealer Bond, and Collection Agency Bond. The Contractor License Bond guarantees that the contractor will complete all work in accordance with state laws and regulations and will pay all fees, taxes, and other liabilities due to the state. The Motor Vehicle Dealer Bond guarantees that the dealer will comply with all applicable laws, such as the vehicle registration and titling process. Lastly, the Collection Agency Bond guarantees that the agency will comply with all state and federal laws related to collecting debts.

View Judge Lerner Capital Trial Panel Appointment Application - Form 01-213

View this form

View Rule 801 Verification of Certification - Form 01-207

View this form

View Per Diem Appearance Slip - Form 08-001

View this form

View Waiver of Arraignment

View this form

View Philadelphia County - Custody Attorney Video Interview Request Form

View this form

How to fill out Maine Uniform Surety Bond (USB)?

US Legal Forms is the most simple and cost-effective way to locate appropriate legal templates. It’s the most extensive online library of business and personal legal documentation drafted and checked by legal professionals. Here, you can find printable and fillable templates that comply with federal and local regulations - just like your Maine Uniform Surety Bond (USB).

Getting your template requires just a few simple steps. Users that already have an account with a valid subscription only need to log in to the website and download the document on their device. Afterwards, they can find it in their profile in the My Forms tab.

And here’s how you can obtain a professionally drafted Maine Uniform Surety Bond (USB) if you are using US Legal Forms for the first time:

Look at the form description or preview the document to ensure you’ve found the one corresponding to your needs, or locate another one utilizing the search tab above.
Click Buy now when you’re sure of its compatibility with all the requirements, and select the subscription plan you like most.
Create an account with our service, sign in, and purchase your subscription using PayPal or you credit card.
Choose the preferred file format for your Maine Uniform Surety Bond (USB) and download it on your device with the appropriate button.

After you save a template, you can reaccess it anytime - simply find it in your profile, re-download it for printing and manual completion or upload it to an online editor to fill it out and sign more effectively.

Take full advantage of US Legal Forms, your trustworthy assistant in obtaining the corresponding formal documentation. Give it a try!

Form Rating

4.61

Satisfied(215)

Form popularity

FAQ

A surety is a person who agrees to pay the court a specified sum of money (a recognizance) if the defendant fails to attend court. Unlike a security, no money or valuable asset is deposited with the court and it cannot be demanded from the defendant personally.

One important difference is that with a security deposit, you can get the money back (up to the full $1,000 or whatever the amount is). With a surety bond, you cannot get back the money you paid for it (the $10-$40). That money is non-refundable.

The surety company wants to make sure a the company it bonded has adequate reserves to complete the work that hit issued performance and payment bonds on. Generally, a surety will require Net Worth of 5% to 20% of the amount of work outstanding.

Most Popular Surety Bonds in Maine This is a $25,000 bond required by the Bureau of Consumer Credit Protection of the State of Maine. It guarantees that the principal will faithfully perform the duties and obligations pertaining to the business of a loan broker, as outlined in the Maine Consumer Credit Code.

The surety bond is like a security deposit, with the party promising to do something as the renter and person they owe obligations to, or obligee, is like the landlord. Thus, if the party that made the promise fails to perform their duty, the obligee is compensated out of the bond.

A securities bond is a type of debt security in which an investor loans money to a lender for a set period of time at either a fixed or variable interest rate. Governments and businesses can use a securities bond as a way to raise funds to finance a wide variety of projects and activities.

The bond serial number of your customers bond can be found in the lower right corner of the bond. Enter the Letter denomination followed by the numeric serial number followed by the letter character(s). Click on the Validate button or press your Enter key.

The security bond is a specialized type of surety bond and can provide a significant amount of benefit to the owner of a project. The benefit is that the project will not be held up in litigation, but instead can move forward. All federal jobs are required to have a surety bond pursuant to the Miller Act.

More info

NORTH AMERICAN SECURITIES ADMINISTRATORS ASSOCIATION750 First Street NE, Suite 990 Uniform Surety Bond Form.Applicants are named as the "Principal" and must include their complete residence or business address. 4. Items 1 - 7 — The court may in its discretion require any surety to appear and justify. Applicants are named as the "Principal" and must include their complete residence or business address. 4. The Norwegian domestic security agency on Tuesday said it had detained a visiting.

Maine Contractor License Bond

Description

Related forms

How to fill out Maine Uniform Surety Bond (USB)?

Show more info

Form Rating

Form popularity

FAQ

What is the difference between a security and a surety?

What is the difference between security and surety bond?

What is the net worth of a surety bond?

What is a state of Maine surety bond?

Is a surety bond a security?

What is a security bond?

How do you verify bonds?

Is a surety bond the same as a security bond?

More info

Trusted and secure by over 3 million people of the world’s leading companies