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The statute authorizes an application bond satisfactory to the administrator, if required, up to $50,000, concurrent with the license period. It separately requires $50,000 security with each branch application. The Bureau's current ESB instructions explain that NMLS does not support branch bonds: required branch coverage goes into a single company-license bond's aggregate amount. Confirm the company total rather than assume $50,000 covers every office or buy duplicate branch instruments.

Each different company license requiring security needs its own ESB. A supervised lender license and a debt collector license cannot share one electronic bond merely because they belong to the same business. The statute's separate net-asset requirement is not replaced by paying for the bond. Maine began receiving these ESBs in September 2025; the January 2026 conversion deadline for existing licensees has passed and should not be treated as a future grace period.

Purchase Now opens Propeller's Maine supervised lender application in a new tab. Bring the Bureau's request, exact licensed company and NMLS identifier, office list, existing ESB, aggregate requirement and effective dates. Confirm whether this is a new bond or a change to existing coverage before paying. Coordinate electronic issuance and submission for the correct company license, check the resulting evidence and retain Bureau acceptance. The separate license application or renewal still must be completed.