If you are engaged as a Used Motorcycle Dealer in the State of Maryland, you are required to execute a Maryland Motorcycle Dealer (Used) Bond to ensure compliance with the Transportation Article of the Annotated Code of Maryland.
Bonds Express offers an Maryland Motorcycle Dealer (Used) Bond with a 99% approval rate.
The required amount of the Maryland Motorcycle Dealer (Used) Bond is as follows:
- 1 – 250 motorcycles sold – $15,000
- 251 – 500 motorcycles sold – $25,000
- Over 500 motorcycles sold – $35,000
Bonds Express offers a Maryland Motorcycle Dealer (Used) Bond with a 99% approval rate.
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 Motorcycle Dealer (Used) Bond holds you accountable for your business decisions.
By possessing a Maryland Motorcycle Dealer (Used) Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.