The Maryland Credit Hauling Bond is required by Maryland’s Department of Transportation, State Highway Administration. Those with a permit to haul oversize and/or overweight loads over Maryland State Highways can establish a line of credit with the State Highway Administration. A Credit Hauling Bond is required to establish credit. The credit limit is your bond amount.
The surety company, issuing the bond, must be licensed in the State of Maryland. Surety1 is licensed in all 50 states.
What is the purpose of a Maryland Credit Hauling Bond?
The bond guarantees that the bondholder will remit to the Maryland State Highway Administration, Special Hauling Permit Department, any money owed to them. The Credit Hauling bond assures the state that all fees will be made on time and in full. Fees include:
- hauling permit fees
- survey fees
- monitoring fees
- police escort fees
An invoice is sent out on a monthly basis from the Hauling Permits Unit, Accounting Section. It will include any and all unpaid balances from the prior month’s activities.
Why should I get my Maryland Credit Hauling Bond from Surety1?
With Surety1, you not only get the Maryland Credit Hauling Bond at the best rate possible, you also get it FAST. We are proud to say that through our partnership with several A-rated surety companies, we are able to offer the lowest rates in the market today.
First, start the process by completing our free online application form. After that, one of our licensed agents will contact you with a no-obligation quote on the bond premium. Next, when you’re ready to proceed we will collect the bond premium and have you sign the paperwork. Lastly, your Maryland Credit Hauling Bond will be sent out by USPS Priority Mail.
Surety Solutions Insurance Service, Inc. (Surety1) has been writing bonds since 2003. We continue to maintain a A+ rating from the Better Business Bureau.