The Maryland Residents’ Trust Fund Bond is required by the State of Maryland. The bond states that the bondholder shall not wrongfully deprive any resident of any personal funds deposited with the facility. Surety1 can write this bond at the best possible rate with just a completed online application.
The surety bond is needed for residential care facilities like assisted living programs where the resident funds are being held in a trust. This surety bond must be issued by a company licensed to do business in the state. The bond ensures that all such facilities will handle their residents’ funds with utmost care.
Here at Surety1, you can be assured of two things. One, our prices for our surety bonds will always be lower than our competitors. This is because we represent over a dozen surety markets.
Another thing you can be sure of is our fast and reliable service. This is clearly seen in our A+ rating from the Better Business Bureau. Here at Surety1, all you need to do is submit a completed online application form, and within one day, your application for a surety bond may be approved!
After you submit the application, one of our licensed agents will call you to give you the quote for the bond premium. You just need to pay the bond premium and sign the agreement. We will then send the surety bond via USPS Priority Mail. Overnight delivery is also available.
Surety1 was established in 2003 and we are licensed in all 50 states.