AMOUNT  $_________________						BOND NO:  _________________

DEBT COLLECTOR / REPOSSESSION BOND (CONTINUOUS)

KNOW ALL PERSONS BY THESE PRESENTS THAT  _______________________________________________
(Formal business name of applicant)
located at ________________________________________________________ in the County of ______________,
(Street address and City/Town)
State of _____________________________, doing business as _________________________________________
	(State)	(Applicant’s d/b/a name, if any)
as Principal, and ______________________________________________________________________________
(Name of bonding company)
a bonding company duly organized and existing under the laws of the State of ____________________________ , and being duly qualified to transact business in the State of Maine, as Surety, are holden and stand firmly bound unto the Superintendent of the Bureau of Consumer Credit Protection of the State of Maine, for use of any person or persons who may have a cause of action against the obligors of this bond in the just sum of ___________________________________________________ dollars ($ _____________), to be paid to the said person or persons as aforesaid, to which payment well and truly to be made, we hereby jointly and severally bind ourselves, our respective heirs, executors, administrators, successors or assigns, firmly by these presents.

The Condition of this Obligation is such, that the above-bounden principal has applied to the said Superintendent of the State of Maine for a debt collector/repossession license under the provisions of Title 32, M.R.S.A., Sections 11001 to 11054, and is required by the provisions of that law to furnish a bond conditioned as herein set forth.  

Now, therefore, if the said above-named principal shall, within 30 days after the close of each calendar month, report and pay to its customers the net proceeds due and payable of all collections made during said calendar month, or deliver all repossessed property, and shall strictly, honestly and faithfully comply with all provisions of state law including Title 32, M.R.S.A., Sections 11001 to 11054, and all amendments thereof and supplemental thereto, now or hereafter enacted and all rules and regulations in effect or which may be issued thereunder, then this obligation shall be void, otherwise to remain in full force and effect.

This bond shall cover all claims collected, property converted and losses occasioned by the licensee beginning on the initial effective date of this bond, but the aggregate liability of the surety for any and all claims which arise under the bond shall in no event exceed the above principal amount.

This bond is a continuous bond, and shall remain in full force and effect and shall run concurrently with the entire current license period and for any renewals thereof.  The surety may be relieved of future liability hereunder by giving 30 days’ written notice, certified mail, receipt requested, to the principal and to the Superintendent of the Bureau of Consumer Credit Protection of the State of Maine.

This bond is effective ____________________________.

PRINCIPAL MUST SIGN AND SIGNATURE MUST BE ACKNOWLEDGED AND THIS BOND MUST BE SIGNED BY THE SURETY 
(SEE NEXT PAGE)

SIGNATURE OF PRINCIPAL (APPLICANT)

															Dated:_______________				  ________________________________________________							                	Principal (Applicant)

							By: ____________________________________ 

						             Title/Capacity:____________________________

ACKNOWLEDGMENT BY PRINCIPAL (APPLICANT)

STATE OF

	County of ____________________ ss.

	On this ______________________ day of ___________________, before me, ______________________
________________, a notary public in and for the County and State aforesaid, residing therein, duly commissioned and sworn, personally appeared 	______________________________ , known to me to be the person whose name is subscribed to the within instrument, and acknowledged that he/she executed the same.

	IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal, the day and year in this certificate first above written.

(Seal)									_________________________________
									Notary Public

SIGNATURE OF SURETY (BONDING COMPANY)

Dated: __________________					_____________________________________
								Name of Surety (Bonding Company)

								By: _____________________________________

						                          Title/Capacity____________________________ 

ACKNOWLEDGMENT BY SURETY 
STATE OF

	County of ___________________ ss.

	On this_____________________ day of 	_____________________ before me, ______________________
______________, a notary public in and for the County and State aforesaid, residing therein, duly commissioned and sworn, personally appeared ______________________________ known to me to be the person whose name is subscribed to the within instrument, and acknowledged that he/she executed the same.

	IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal, the day and year in this certificate first above written.

(Seal)
									_________________________________
									Notary Public