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Maryland Dealer License Application - Surety Bonds

Maryland Dealer License Application - Surety Bonds 2026

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The document provides detailed instructions for applying for a New Vehicle Dealer License in Maryland. It outlines the necessary forms, requirements, and procedures that applicants must follow, including zoning approvals, surety bonds, criminal background checks, and insurance information. The document emphasizes that only one dealer license is permitted per location and includes specific guidelines for submitting a complete application to avoid rejection.

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Click ‘Get Form’ to open the Maryland Dealer License Application - Surety Bonds in the editor.
Begin by filling out the Company Name and Trade Name fields. Ensure that these names match exactly as they appear on your business registration documents.
In the Officer(s) Name(s) section, list all individuals who hold a position of authority within your dealership. This includes owners, partners, and corporate officers.
Specify the bond amount required based on the number of vehicles you plan to sell. Refer to the provided bond amounts table for guidance.
Complete the signature section where all relevant officers must sign. This is crucial for validating the surety bond.
Review all entered information for accuracy before saving or exporting your completed form for submission.

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How much does a surety bond cost in Maryland?

What Do Maryland Surety Bonds Cost? Surety bonds generally cost 1-15% of the required bond amount.

How much does a surety bond cost in MD?

A Maryland surety bond costs between $500 and $30,000, and it varies by bond amount type. For example, an auto dealer needs a bond up to $300,000. A collection agency in Maryland needs a $50,000 to $1,000,000 bond.

How much does a $5000 surety bond cost?

For applicants with good credit, surety bonds usually cost between 1% and 5% of their value. Therefore, for a surety bond of $5,000, an applicant with a strong credit history can expect to pay between $50 and $250.

How much does a $20,000 surety bond cost?

Surety Bond Cost Table Surety Bond AmountYearly Premium Excellent Credit (675 and above)Bad Credit (599 and below) $20,000 $200 - $600 $1,000 - $2,000 $25,000 $250 - $750 $1,250 - $2,500 $30,000 $300 - $900 $1,500 - $3,0007 more rows

How much does a $7 500 surety bond cost?

$75,000 surety bonds typically cost 0.510% of the bond amount, or $375$7,500. Highly qualified applicants with strong credit might pay just $375 to $750, while an individual with poor credit will receive a higher rate.

How do I get a surety bond in Maryland?

How to Get a Surety Bond in Maryland Contact the obligee requiring the bond to determine which one you need. Submit a free online application with SuretyBonds.com. Well instantly review your application and provide a quote. Pay your bond premium and receive your bond immediately. Sign and file your bond with the obligee.

What is required to get a dealers license in Maryland?

8 Steps for Getting Your Maryland Dealer License Identify which Type of License you Need. Establish a Location for your Business. Background Check. Get a Traders License. Obtain an Auto Dealer Bond and Liability Insurance. Get a Site Inspection. Compile Application Documents. Submit the Application and Pay the Fees.

What is the bond for a wholesale dealer in Maryland?

In order to obtain your Maryland wholesale dealer license, you have to obtain a bond between $15,000 and $150,000, depending on the number of vehicles sold. The bond guarantees your compliance with applicable state statutes.

Maryland Dealer License Application - Surety Bonds 2026

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