Maine Litigation Funding Provider Bond
Overview
Get licensed and operating in Maine as a litigation funding provider by securing this required surety bond before you begin offering funding arrangements to plaintiffs. Maine regulates litigation funding companies to protect consumers engaged in active legal proceedings — and this bond is a condition of doing business in the state. Operating without it exposes you to regulatory action and disqualifies you from entering enforceable funding agreements.
Who Needs This Bond?
If you operate or plan to operate a litigation funding company in Maine — advancing money to plaintiffs in exchange for a portion of their future lawsuit proceeds — this bond is required by state law before you can legally do business. This applies whether you are launching a new company or an established out-of-state funder entering the Maine market. Any entity that meets the statutory definition of a litigation funding provider must be bonded, regardless of the volume of deals you close.
What is this Bond For?
Maine's regulation of litigation funding exists to protect plaintiffs who may be in financially vulnerable positions during ongoing legal claims. This bond backs your obligation to comply with Maine's consumer protection requirements governing funding agreements, disclosures, and repayment terms. If your company violates those obligations and a harmed party pursues a claim, the bond provides a financial remedy up to the bond amount.
When is it Required?
Renewal of this bond must remain continuous — a lapse in coverage puts your authorization to operate at risk. You must maintain active bond coverage for every year your company is engaged in litigation funding transactions with Maine plaintiffs. If your license comes up for renewal, your bond must already be in place, not obtained after the fact.
Where Does it Apply?
This bond is a statewide Maine requirement and covers your litigation funding operations throughout the state. There is no county-by-county variation — the obligation is uniform across all of Maine. Funding agreements you enter into with Maine-resident plaintiffs fall under this regulatory framework regardless of where your company is headquartered.
How to Buy Online
Click 'Buy This Bond Online' to open the secure surety portal in a new tab and begin your application immediately. Enter your business details, complete the short application, and proceed through checkout — no agent callback required. Your bond documents are issued digitally so you can submit proof of coverage to Maine regulators without delay.
Why Bond Titan?
Bond Titan is powered by The Southern Agency and gives you direct access to a nationwide surety bond catalog without the back-and-forth of a traditional agency. You can purchase this Maine Litigation Funding Provider Bond online at any time, get your documents fast, and stay compliant on your schedule. No waiting rooms, no voicemails — just a straightforward transaction built for business owners who need to move quickly.