Maryland Motor Vehicle Manufacturer Bond Guide
If you’re applying for a motor vehicle manufacturer license in Maryland, you’ll likely need this surety bond.
Bond Overview
- Purpose: To protect dealers if a manufacturer breaches an expressed or implied warranty
- Who Needs It: Anyone manufacturing and selling vehicles in Maryland
- Regulating Body: The Maryland Motor Vehicle Administration
- Required Coverage: $100–$300,000
- Premium Rate: 1–10%, credit-based
Learn all about the bond requirements and process in this guide.
What Is a Maryland Motor Vehicle Manufacturer Bond?
A Maryland motor vehicle manufacturer bond is required to protect dealers and any other parties who may be harmed by faulty manufacturing.
It ensures that vehicle manufacturers uphold any written or implied warranties of new or used motor vehicles.
How Much Do Motor Vehicle Manufacturer Bonds Cost?
Maryland motor vehicle manufacturer bonds cost a small percentage of the required coverage amount, typically 1–10%.
Exact rates vary based on personal credit score. Apply for your free quote now!
SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees.
How Do I Get My Bond?
SuretyBonds.com provides the fastest and easiest way to get a Maryland motor vehicle manufacturer bond. Just follow these quick steps:
- Apply: Submit an online quote request form
- Quote: Receive your quote within one day
- Sign: Complete the indemnity agreement
- Buy: Purchase the bond online 24/7
We’ll mail you the bond via your preferred shipping method. Be sure to file it with the Motor Vehicle Administration as instructed.
If you have any questions, call our friendly surety experts at 1 (800) 308-4358 for assistance.
How Does a Maryland Motor Vehicle Manufacturer Bond Work?
A motor vehicle manufacturer bond creates a legal contract between these three parties:
- Principal: You, the motor vehicle manufacturer filing the bond
- Obligee: The Maryland Motor Vehicle Administration requiring the bond
- Surety: The provider issuing the bond
If you break the bond terms, harmed parties can file claims. The surety will pay valid claims up to the bond amount, but you must ultimately refund the surety.
How Do I Renew My Bond?
These bonds expire annually. To renew your motor vehicle manufacturer bond, simply pay your renewal invoice when prompted.
We’ll begin contacting you by phone and email 90 days before the expiration date.
