Maryland Credit Hauling Bond Guide
If you’re applying for a hauling permit from the Maryland State Highway Administration, you’ll likely need this surety bond.
Bond Overview
- Purpose: To ensure trucking companies pay all permit fees
- Who Needs It: Trucking companies with a hauling permit who wish to establish credit
- Regulating Body: The State Highway Administration
- Required Coverage: $1,000–$100,000
- Premium Rate: Typically $10 per $1k
Learn all about the bond requirements and process in this guide.
What Is a Maryland Credit Hauling Bond?
A Maryland credit hauling bond is required for oversize/overweight haulers that establish credit for payment of permit fees.
The State Highway Administration (SHA) requires this bond to guarantee payment of all debts for permit fees and other associated fees.
How Much Do Credit Hauling Bonds Cost?
Your Maryland credit hauling bond premium will vary based on the coverage you need. Bonds up to $50,000 are available for a flat rate.
- $1,000–$10,000 Bond: $100
- $10,001–$50,000 Bond: $10 per $1,000
- $50,001–$100,000 Bond: Credit-based, 1–10%
Click below to buy your bond or apply for a free quote in minutes!
SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees.
Who Needs a Credit Hauling Bond?
The Maryland State Highway Administration requires this bond as part of the licensing process for credit haulers in the state.
A separate Maryland hauling performance bond is required to guarantee payment for potential damages incurred during a move.
How Do I Get My Bond?
With SuretyBonds.com, you can buy your Maryland credit hauling bond instantly online for up to $50,000 coverage. If you need a larger bond amount, apply to receive a free quote within one day or less.
We’ll mail you the bond via your preferred shipping method. Be sure to file the bond with the State Highway Administration as instructed.
If you have any questions, call our friendly surety experts at 1 (800) 308-4358 for assistance.
How Does a Maryland Credit Hauling Bond Work?
As with all surety bonds, a credit hauling bond creates a legal contract between three parties:
- Principal: You, the credit hauler filing the bond
- Obligee: The State Highway Administration (SHA) requiring the bond
- Surety: The provider issuing the bond
This holds you financially responsible for paying all permit fines in-full and on-time.
If you break the bond terms, the SHA can file claims. The surety will pay valid claims up to the bond amount, but you are ultimately responsible for refunding the surety.
How Do I Renew My Bond?
These bonds expire annually. To renew your credit hauling bond, simply pay your renewal invoice when prompted.
We’ll begin contacting you by phone and email 90 days before the expiration date.
