The Maryland Motor Vehicle Manufacturer Bond is required by the Administrator of Motor Vehicles, State of Maryland. The bond states that the bondholder shall transfer motor vehicles to a registered dealer, pursuant to Maryland Vehicle Laws. Moreover, they shall comply with the terms of the manufacturer’s motor vehicle warranty.
Who needs a Maryland Motor Vehicle Manufacturer Bond?
The bond is one requirement for those who wish to be licensed as a Motor Vehicle Manufacture or Distributor in the State. This includes second-stage manufactures who constructs or assembles new or second stage vehicles. A distributor is authorized by a manufacture to enter into franchise agreements with dealers.
How do you determine the bond amount?
The Motor Vehicle Manufacturer Bond amount depends on the number of vehicles transferred.
- $25,000.00 for 1 – 50 vehicles transferred
- $50,000.00 for 51 – 500 vehicles transferred
- $100,000.00 for 501 – 10,000 vehicles transferred
- $300,000.00 for over 10,000 vehicles transferred
Where can I get a Maryland Motor Vehicle Manufacturer Bond?
At Surety1 we will get you bonded quickly. You can be assured of the lowest rates as we have partnered with over a dozen A-rated surety markets. We have friendly agents who are willing to answer all your queries and give you only the best service.
First, start the process by using our easy to navigate, free online application form. Then, after your application has been submitted, one of our surety agents will contact you with a no-obligation quote on the bond premium. After that, once you are ready to move forward, you just need to pay the premium and sign the agreement. Lastly, your Motor Vehicle Manufacturer bond will be mailed to you by USPS Priority Mail. Overnight delivery is also available for an additional fee.
Surety1 has been issuing surety bonds in the State of Maryland since 2003. We continue to be rated A+ by the Better Business Bureau for our outstanding service.