Maine Mortgage Loan Originator License
individual licence · NMLS MEORIGINATOR_I · BCCP
This license is required of any individual who for compensation or gain or in the expectation of compensation or gain takes a residential mortgage loan application, or offers or negotiates terms of a residential mortgage loan.
Requirements (6)
Step 1
Company Sponsorship: A sponsorship request must be submitted by your employer. Note: The sponsoring company must have an approved/active license in the State of Maine, and the location of the sponsoring company or branch must match with the MLO employment history information before the sponsorship will be accepted. Maine offers an “Approved-Inactive” license status. If you are not currently employed by a mortgage company (or your employer has not yet requested sponsorship on your behalf) and you have completed all requirements for this license, the license may be issued as “Approved-Inactive” until sponsorship by a mortgage company is acquired. While in an “Approved-Inactive” status, you are NOT authorized to conduct business under the authority of the Maine Mortgage Loan Originator License. In lieu of sponsorship, an MLO may obtain their own surety bond coverage of at least $25,000. Contact the Maine Bureau of Consumer Credit Protection for more information.Submitted via: NMLS
Step 2
Employment History: The business address listed in the Employment section of the Individual Form (MU4) must match the address of the registered location in the Company Relationship.Submitted via: NMLS
Step 3
Original MLO Surety Bond: In lieu of sponsorship only. This requirement only applies to an MLO who is not employed by, or is the exclusive agent of, a licensed supervised lender or loan broker. The MLO must provide an original $25,000 surety bond to the Bureau. Click to download form Note: An MLO may obtain their own surety bond rather than being covered under the company’s bond and have the company sponsorship. The electronic surety bond (ESB) is not available for this type of bond coverage. Contact the Maine Bureau of Consumer Credit Protection for more information.Submitted via: Mail to the Maine Bureau of Consumer Credit Protection and Upload a copy in NMLS
Step 4
Credit Report Explanations: The Bureau may require a written explanation and supporting documentation of any derogatory credit accounts including collection items, charge-offs, delinquent accounts, etc. Items regarding bankruptcy, foreclosure, judgements, liens, or delinquent child support payments should be addressed in the Disclosure Explanations section of your Individual Form (MU4). An applicant may proactively provide information related to credit in NMLS to avoid delays with the issuance of a license.Submitted via: NMLS
Step 5
Other Business: Additional information on positions of authority an individual may hold with other companies, whether or not it is financial services, must be disclosed in the Other Business section of the Individual Form (MU4). The Bureau may request a written explanation and supporting documentation.Submitted via: NMLS
Step 6
Criminal Background Check Explanations: The Bureau may require a written explanation and supporting documentation for any RAP sheet. An applicant may proactively provide information to the Bureau to avoid delays with the issuance of a license.Submitted via: NMLS
General information
Who Is Required To Have This License?
Mortgage loan originators must obtain licenses if they intend to originate loans. Maine’s statutory definition of "mortgage loan originator," which is consistent with definitions in the federal SAFE Act and in the laws of other states, is found in 9-A MRSA §13-102(7):
http://www.mainelegislature.org/legis/statutes/9-A/title9-Ach13sec0.html
If you believe you may be exempt from the need to obtain a license, be prepared to provide proof of the applicable exemption. Start by checking with your employer or your national industry association, since Maine regulators will be following guidance from HUD and other federal regulators in their interpretations of the SAFE Act.
The Maine Bureau of Consumer Credit Protection does notissue paper licenses for this license type.
Pre-licensure Education: Prior to submission of the application, complete 20 hours of NMLS-approved pre-licensure education (PE) courses.
Testing: Must satisfy one of the following three conditions:
•
• Passing results on both the National and Maine State components of the SAFE Test, or
• Passing results on both the National and Stand-alone UST components of the SAFE Test, or
• Passing results on the National Test Component with Uniform State Content
Other Maine mortgage licenses
- Federal Contract Student Loan Servicer Branch License
- Federal Contract Student Loan Servicer License
- Student Loan Servicer
- Student Loan Servicer Branch
- All 5 Maine licenses
Sourced from the NMLS/CSBS state licensing record, last updated October 17, 2025. Requirements change — confirm against the state agency before filing. Not legal advice.