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Popular Surety Bonds in Maryland
Maryland Home Improvement Contractor Bond
To obtain your state license as a home improvement contractor in Maryland, you must post either a $20,000 or $100,000 surety bond.
Notary Bond
To become a notary in Maryland, you must purchase a $25,000 bond. This four-year bond protects the public against financial losses if a notary conducts business illegally or unethically.
Automobile Insurance Fund Producer Bond
To become licensed as an automobile insurance fund producer in Maryland, you must post a $10,000 bond and renew it annually (to maintain your license).
Credit Hauling Bond
The Maryland Department of Transportation requires credit hauling permit applicants to post a surety bond. The bond ensures that permit holders pay all applicable fees each month.
Nominal Bond of Personal Representative
A nominal bond of personal representative is a type of surety bond required by the Maryland courts to protect an estate’s beneficiaries and creditors. It’s a financial safeguard, ensuring the personal representative fulfills their duties faithfully and responsibly.
Maryland Vehicle Dealer Bond
Motor vehicle and trailer dealers in the state must post a surety bond. Bonds requirements range from $25,000 to $300,000. Bonds must be renewed annually.
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