{"id":861,"date":"2013-04-17T03:13:09","date_gmt":"2013-04-17T03:13:09","guid":{"rendered":"http:\/\/suretyone.com\/blog\/?p=861"},"modified":"2017-01-03T16:20:37","modified_gmt":"2017-01-03T16:20:37","slug":"maryland-boat-dealer-bond","status":"publish","type":"post","link":"https:\/\/suretyone.com\/blog\/maryland-boat-dealer-bond\/","title":{"rendered":"Maryland Boat Dealer Bond"},"content":{"rendered":"<p>Maryland boat dealers must have an application approved and provide evidence of a <strong><a title=\"Surety One\" href=\"https:\/\/suretyone.com\" target=\"_blank\">Maryland boat dealer bond<\/a><\/strong> before a license will be issued. \u00a0Natural Resources Article, \u00a78-710, Annotated Code of Maryland requires a Maryland boat dealer\u2019s license if you are engaged in the business of buying, selling, or exchanging vessels in Maryland. COMAR 08.04.01.01(B)(7) defines \u201cdealer\u201d as any person who is in the business of buying, selling, or exchanging new and\/or used vessels, either outright or on conditional sale, bailment, lease, chattel mortgage, or otherwise, and has an established place of business for sale, trade, and display of vessels. The <strong>Maryland boat dealer bond<\/strong> must be posted AFTER approval of the applicant rather than along with the license application. \u00a0The initial bond amount required for a first year licensee is $20,000. \u00a0Thereafter the surety bond amount must follow a schedule which is based on the value of vessels that a dealer has sold within the previous twelve months. \u00a0The <strong><a title=\"Surety One commercial surety page\" href=\"https:\/\/suretyone.com\/commercial-surety-bonds\" target=\"_blank\">Maryland boat dealer bond<\/a>\u00a0<\/strong>schedule is as follows: \u00a0$5,000 dealer bond for sales of $500,000 or less, $20,000 bond to $3 million, $50,000 bond to $5 million, $100,000 bond to $10 million, $150,000 bond to $15 million, and $200,000 bond for sales over $15 million annually. \u00a0The <strong>Maryland boat dealer bond<\/strong> guarantees that the licensee will conduct its boat dealer business in full compliance with the Code, <a title=\"MD Natural Resources Article\" href=\"http:\/\/statutes.laws.com\/maryland\/natural-resources\/title-8\/subtitle-7\/8-710\" target=\"_blank\">Natural Resources Article<\/a>\u00a0and the regulations of the Department of Natural Resources relating to collection of fees and taxes. The Bond is for the use and benefit of the state and any member of the public who suffers or sustains any loss by reason of any violation of the Code NR \u00a7\u00a78-701 by the dealer.\u00a0<strong>Maryland surety leader<\/strong>,\u00a0<a title=\"Surety One\" href=\"https:\/\/suretyone.com\/\" target=\"_blank\">Surety One, Inc.<\/a>\u00a0offers dealer bonds of ALL types, terrain and maritime in all states where they are required by law. \u00a0Our special program makes bonding you guaranteed regardless of credit and financial condition. Visit\u00a0<a title=\"Surety One\" href=\"https:\/\/suretyone.com\/\" target=\"_blank\">SuretyOne.com<\/a>, call\u00a0<span style=\"color: #ff0000;\">(787) 333-0222<\/span>\u00a0or <span style=\"color: #ff0000;\">(800) 373-2804<\/span>, or email\u00a0<span style=\"color: #ff0000;\">Underwriting@SuretyOne.com<\/span>\u00a0for a\u00a0<strong>Maryland boat dealer bond<\/strong>\u00a0application or for information on any surety bond need.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Maryland boat dealers must have an application approved and provide evidence of a Maryland boat dealer bond before a license will be issued. \u00a0Natural Resources Article, \u00a78-710, Annotated Code of Maryland requires a Maryland boat dealer\u2019s license if you are&#8230; <a class=\"more-link\" href=\"https:\/\/suretyone.com\/blog\/maryland-boat-dealer-bond\/\">Continue Reading &rarr;<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[159],"tags":[1055,1058,1057,1056],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.7.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Maryland Boat Dealer Bond &bull; Surety One, Inc.<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/suretyone.com\/blog\/maryland-boat-dealer-bond\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Maryland Boat Dealer Bond &bull; Surety One, Inc.\" \/>\n<meta property=\"og:description\" content=\"Maryland boat dealers must have an application approved and provide evidence of a Maryland boat dealer bond before a license will be issued. \u00a0Natural Resources Article, \u00a78-710, Annotated Code of Maryland requires a Maryland boat dealer\u2019s license if you are... 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