If you are engaged as a Trailer Dealer in the State of Maryland, you are required to execute a Maryland Trailer Dealer Bond to ensure compliance with the Transportation Article of the Annotated Code of Maryland.
The required amount of the Maryland Trailer Dealer Bond is as follows:
- Boat Trailer – $5,000
- Trailers Under 15′ – $5,000
- Trailers Over 15′ (1 – 250 trailers sold) – $15,000
- Trailers Over 15′ (251 – 500 trailers sold) – $25,000
- Trailers Over 15′ (501 – 1,000 trailers sold) – $35,000
- Trailers Over 15′ (1,001 – 2,500 trailers sold) – $50,000
- Trailers Over 15′ (Over 2,500 trailers sold) – $150,000
Bonds Express offers a Maryland Trailer Dealer 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 Trailer Dealer Bond holds you accountable for your business decisions.
By possessing a Maryland Trailer Dealer Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.