If you are engaged as a transient sellers of consumer merchandise operating in Maine, you are required under MRSA Title 32, Chapter 128, Section 14708, Subsection 3 to file a Maine Transient Seller of Consumer Merchandise Bond as a condition of licensure.
A surety bond protects the party requesting the bond, the Obligee, against any financial losses as a result of poor financial decisions, damages, unethical decisions, or a failure to follow state and local laws on the part of you, the Principal. The Maine Transient Seller of Consumer Merchandise Bond holds you accountable for your business decisions.
By possessing a Maine Transient Seller of Consumer Merchandise Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.