Maryland Surety Bonds
The Commonwealth of Maryland was one of the original thirteen colonies so its legal framework is based on English common law. Suretyship has been practiced in Maryland since its first settlement. A Maryland surety bond may be required by the state, a county or a municipality for occupational licenses, to bond public officials, in court matters or for contract performance guarantees. Here are some of the most popular surety bonds:
Maryland Appeal Bond (Supersedeas)
Financial assurance required of appellants to guarantee payment of judgment, costs, interest and final orders of a court.
Maryland Home Improvement Contractor Bond
Maryland Home Improvement Commission (MHIC), a two-year surety bond in the amount of $20,000 or $100,000.
Maryland Lien Release Bond
A convenient mechanism allowing a property owner to "bond off" a lien placed by a contractor or materialsman.
Maryland Fingerprinting Provider Bond
Services that contract with the Maryland Department of Public Safety to provide LiveScan fingerprinting service must file a $10,000 surety bond.
Maryland Janitorial Services Bond
A dishonesty bond which protects the clients of a cleaning service from loss due to janitorial employee acts.
Maryland Mortgage Lender Bond
A license surety bond in the amount of $50,000 to $150,000 by the Commission of Financial Regulation from mortgage loan providers.
Maryland Insurance Adviser Bond
Required by the Department of insurance, a $1,000 surety bond for insurance advisers under §10–211.1 Annotated.
Maryland Title Service Agent Surety Bond
Surety bond in the amount of $50,000 require by the Motor Vehicle Administration from all licensees.
If you do not see your particular surety bond above, try our Bonds A-Z page, call (800) 373-2804 and click the live chat icon for support. A Maryland surety bond generally requires the submission of only a complete surety bond application. Larger surety bond requests and those that contain financial guarantees may require personal and business financial statements. Damaged credit? New resident without a credit history? No problem! We decline NO applicant.
Maryland surety bond leader! Surety bond application review and quoting are free of charge. There is no obligation to purchase.
