If you are engaged in the operation of a Postsecondary Educational Institution in the State of Maryland, you are required under Title 11 of the Annotated Code of Maryland to file a Maryland Private Career School Bond as a condition of licensure.
A surety bond protects the party requesting the bond, the Obligee, against any financial losses as a result of poor financial decisions, damages, unethical decisions, or a failure to follow state and local laws on the part of you, the Principal. The Maryland Private Career School Bond holds you accountable for your business decisions.
By possessing a Maryland Private Career School Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.