The Consumer Credit Regulation Department of the Maine Department of Professional and Financial Regulation, handles all aspects of becoming a Mortgage Broker in Maine. However, in Maine the government uses the term Credit Service Organization (CSO), rather than Mortgage Broker.

Although a Mortgage Broker in Maine (CSO) does not need to have or maintain a physical office within the state, the Mortgage Broker (CSO) does need to register first with the Maine Office of Consumer Credit Regulation (OCCR), and if a corporation, with the Maine Secretary of State's Corporate Division Office.

All CSOs and Loan Originators licensed in the state must have registered with the NMLS, or National Mortgage Licensing System, and have taken, and passed the SAFE (Secure and Fair Enforcement) test to be able to conduct business.  The National Component of the SAFE test is $92 and each Maine component is $69.  See the NMLS Resource Center for more details.

Only the brokering of mortgages on residential properties comes under the jurisdiction of the above department. Commercial properties in Maine are considered to be legal/contractual in nature and are handled by the court system.

While some states allow a Mortgage Broker licensed in another state to act as a broker on one or two mortgage loans without being registered, Maine mortgage law does not allow this.

All Mortgage Brokers (CSO) must also post a Surety Bond in the amount of $25,000. If they open a branch office, an additional $25,000 Surety Bond must be posted. Although applicants do not have to furnish financial statements or reports in order to register, they do need to provide a Resume. The registration fee for the initial year is $200 and the annual renewal is $100. See the following website for the broker application.

Those who have sought a Mortgage Broker career in Maine have chosen not to be affiliates of the National Association of Mortgage Brokers (NAMB) .

Maine Mortgage Forms

Maine Reciprocity States



(as of 2/23/2010)


Maine Approved Mortgage Schools Prelicensing and Postlicensing Education

Community Colleges



Private Schools

Abacus Mortgage Training
Training Pro
Last Update:  2/22/2010
This list may not include all approved schools. Please visit the Consumer Credit Regulation Department website for the latest list of approved schools.