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Maryland Title Service Agent Bond

How much does a $50,000 title service agent bond cost in Maryland?

A $50,000 Maryland title service agent bond costs as little as $500 for highly qualified applicants, although the exact price an applicant will pay depends on a review of his or her credit by an underwriter. Applicants with lower credit may still be approved, but they should expect to pay a higher premium for their bond—typically between 4-10% of the total bond amount.

Bond Type Bond Amount Cost*
$50,000 Title Service Agent Bond $50,000 Starts at $500 Apply Now

If you’re ready to get bonded, call SuretyBonds.com at 1 (800) 308-4358 or contact a surety expert online. We work to get every client the lowest quote available as fast as possible.

Why do title service agents need a surety bond?

The Maryland Motor Vehicle Administration requires title service agents to file a $50,000 title service agent bond, also called a motor license agent surety bond, to become licensed in the state. Title agents cannot provide any title tag services without a proper license. This bond ensures the title service agent accurately logs vehicle registrations, vehicle titles, drivers’ licenses, certified copies of records, and other related documents according to the Transportation Article of the Annotated Code of Maryland.

Additionally, this bond protects against actions such as:

  • Acts of fraud against the administration or the public
  • Advertisements in such a manner that would imply the agent is associated with the administration or another disassociated body
  • Conducting business in a way which is detrimental to the administration or to the public

Our team of surety experts is here to help you with all of your bonding needs. Give us a call at 1 (800) 308-4358 or submit a bond request to now to get started!

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Terms of a motor license agent surety bond

The the term of the title agent’s surety bond must run concurrently with the business license term. Title agent bonds are continuous until canceled and must be renewed for as long as the title agent keeps their license active. If the surety cancels the bond, it must provide written notice 45 days prior to the proposed cancellation date.

How to become a title service agent in Maryland

To become a licensed title service agent, or auto tag distributor, follow the directions in the Title Service Agent License Application Instructions packet. The application and required forms are all attached within the packet. Applicants will need to obtain and submit the following with a completed application:

Upon completion, the application packet and all materials must be mailed to the following address:

Motor Vehicle Administration
BL&CS, Room 146
6601 Ritchie Highway
Glen Burnie, MD 21062

Once the license is issued, it should be displayed in a prominent location within the title agent’s office.

Additionally, the agent is required to maintain records for a minimum period of 3 years for the benefit and access of the administration. These records should include excise tax collection, title and registration fees, customer names and addresses, and vehicle makes, years, ID numbers, and types of transactions made.

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Additional Resources

Maryland Motor Vehicle Administration

Title Service Licensing Packet Instructions and Forms

Code of Maryland Annotated Regulations Title 11 Subtitle 12 - Licensing of Title Service Agents