Not in Maine? Public official bonds in other states
Maine public official bonds.
From $100.
Maine requires many elected and appointed officials, such as municipal treasurers and tax collectors, to post a faithful-performance bond. The municipality or appointing authority sets the amount (for a treasurer, generally no more than twice the taxes to be collected). The premium is 0.35% of the bond amount, $100 minimum.
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Three steps. One sitting.
The public official bond is quick — enter your amount, consent to a soft pull, and file. Here is the whole thing:
Apply online
Your details, the obligee (the entity requiring the bond), your position and term, and the bond amount. The only extra step is a one-time consent to a soft credit pull.
Approved
Most are approved as soon as you apply. The credit check is a soft pull that never affects your score. If it needs a second look, one to two business days at most.
File with the obligee
Submit the executed bond to the municipality or appointing authority that required it. Wet-ink originals mailed whenever they insist.
What it is and who needs it.
What the public official bond actually covers
A public official bond is a faithful-performance guarantee. It is conditioned on an elected or appointed official honestly and faithfully discharging the duties of office and properly accounting for public funds that pass through their hands.
Maine sets these requirements in several places. For a municipal treasurer, 30-A M.R.S. §5601 requires a bond conditioned on faithful discharge of the office, in an amount that need not exceed twice the taxes to be collected during the municipal year, with the municipality paying for it. Deputy officials and the officials they serve under are covered by 30-A M.R.S. §2603.
Because the obligee — the municipality or appointing authority — sets the amount, there is no single statutory figure. Enter the amount on your appointment or your obligee's request; the premium is 0.35% of the bond amount, $100 minimum, with one soft credit pull that never affects your score. If the public treasury pays out on the bond, the official repays the surety.
You need this bond if you are
One application, soft pull only.
These are the actual underwriting fields, including the obligee and your term, plus a one-time consent to a soft credit pull. Most issue quickly.
Start the application →Common questions.
Other Maine bonds.
Public official bond, issued today.
Premiums from $100, soft pull only. Enter the amount your obligee set and file the same day.