Maryland Auto Dealer Bond
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What is the cost of a Maryland motor vehicle dealer bond?
Maryland motor vehicle dealer bond costs vary depending on the exact dealer license type and bond amount needed. Your personal premium will be provided after a quick application review. Apply now to get your free quote!
- Used motor vehicle dealer bond costs start at $150.
- Wholesale motor vehicle dealer bond costs start at $150.
- Used emergency vehicle dealer bond costs start at $150.
- New motor vehicle dealer bond costs start at $500.
- New emergency vehicle dealer bond costs start at $500.
How do I obtain a Maryland motor vehicle dealer bond?
You can apply for your free Maryland auto dealer surety bond quote online 24/7. Simply select which license type and bond amount is needed based on projected vehicle sales. Then provide the following information for Motor Vehicle Administration approval.
- dealership company name
- trade name, if applicable
- dealer license number, if available
Once you've paid your invoice, your official auto dealer bond will be shipped to your preferred mailing address.
How fast can I get an auto dealer bond?
Our industry-leading technology and responsive customer service team allow us to offer free quotes and deliver official Maryland car dealer bonds faster than any other surety provider. The MVA requires your official auto dealer bond be physically issued and shipped to you, so choose overnight shipping during checkout if you're in a rush. Orders placed by 4 PM CST Monday-Friday are typically shipped same-day.
If you have questions about the Maryland auto dealer bond or your application, call 1(800)308-4358 to speak with one of our friendly surety experts. We're here to guide you through the dealer bond process so you can get back to running your business.
What is the purpose of the Maryland motor vehicle dealer bond?
Maryland General Assembly Code Section 15-308 requires individuals file a surety bond as part of the state's dealer license application process. The bond form obligates licensed dealers to operate according to the Annotated Code of Maryland Transportation Article. A dealership's bond is valid for its primary location as well as any supplemental locations licensed under the same dealer business license number.
Why do dealers need a surety bond?
These bonds protect consumers if a dealership fails to comply with the state's regulatory dealer licensing laws, which include, but are not limited to, the following.
- The dealership license must be prominently displayed at all times.
- Accurate records of all vehicles bought and sold must be maintained and available for inspection at all times.
- Dealers must notify the Maryland Motor Vehicle Administration of any business changes, such as company name or ownership.
If a dealership fails to comply with state regulations, the surety company will pay valid claims up to the full bond amount, which the bonded dealer must then reimburse.
This page explains the Maryland auto dealer bond required to sell vehicles in the state. If you sell motorcycles or trailers, you need a separate Maryland motorcycle or trailer dealer bond. If you sell boats, you need a separate Maryland boat dealer bond.
Who regulates auto dealer licensing?
The Maryland Department of Transportation Motor Vehicle Administration (MDOT MVA) regulates licensing for the state's auto dealers and enforces the surety bond requirement. If you need help determining the exact bond amount needed for your license, the MDOT MVA advises you contact the Business Licensing Office by phone at 1(410)768-2952 or email at [email protected].
How do Maryland auto dealers file your bond?
You can upload your documents to your e-Services Portal or mail it to the MDOT MVA.
MDOT MVA
Business Licensing Room 146
6601 Ritchie Highway, NE
Glen Burnie, Maryland 21062
How do I update my car dealer bond form?
If the Maryland Department of Transportation Motor Vehicle Administration requires your surety bond documentation to be updated for any reason, contact your surety company. If you purchased your bond from SuretyBonds.com, email [email protected] to explain the needed change.
The most common changes for these bonds include:
- updating the dealership name
- amending the bond amount
- adding an officer or owner
How do I renew my auto dealer bond?
You'll need to renew your Maryland auto dealer surety bond before its 1-year term expires. Once you pay your SuretyBonds.com renewal invoice, renewal instructions will be emailed to you to keep your bond active for your next license term.
How do I get a Maryland dealer license?
Complete the application packet required for your license type and submit it to the MDOT MVA.
- Used Vehicle Dealer Business Licensing Packet
- New Vehicle Dealer Business Licensing Packet
- Wholesale Dealer Licensing Packet
- Emergency Vehicle Dealer Business Licensing Packet
For additional information about auto dealer licensing, contact the MVA Business Licensing and Compliance Division by calling 1(410)768-7000 or emailing [email protected].
How can Maryland auto dealers avoid bond claims?
To avoid claims against your Maryland auto dealer bond, do follow all rules and regulations outlined in Maryland Code Section 15 and do not commit any prohibited acts, which include, but are not limited to:
- falsely advertising services or vehicles
- misrepresenting any information in a vehicle sales contract
- transacting business with an unlicensed individual required to hold a vehicle dealer license
Have Questions?
Call 1 (800) 308-4358 to talk with a Surety Expert today.
