Maryland Driving School Bond |
AmeriPro Surety Bonds | 844-589-9732
Our agency now requires good credit for approval on this bond; the premium, upon approval, remains $400, annually.
Driving Schools – Maryland
Driving schools in Maryland are regulated by the state’s Motor Vehicle Administration (MVA).
A related surety bond is the Maryland driver education surety bond. The obligee (i.e. the entity requiring the surety bond) is again the MVA.
Our agency offers both surety bonds for one low price. Each surety bond is paid separately and as its own transaction.
Maryland Driving School Bond: The Amount of Surety Bond required and Qualifying
As required by Transportation Section § 15-705, the Maryland driving school bond is a $40,000 surety bond required of licensees. The same is likewise true of the driver education surety bond.
The driving school surety bond is required after the Administration has approved your application, but before they will issue you a license.
Qualifying for this bond is simple. There is no credit check involved.
After completion of a standard surety bond application and payment of the premium, the driving school bond will be issued to you immediately.
An emailed copy of the bond can be sent to you at no additional charge, and the original bond will be sent either the same or the following business day. Typically, you will want to file the original bond with the Administration; however, at their discretion, they may accept a copy of the surety bond.
With no credit check, our agency offers both the Maryland driving school bond and the driver education bond for the following price points (this is the pricing for each surety bond, not together):
- For one year, the driving school bond is $400;
- If prepaid for two years, the premium is $720;
- If prepaid for 3 years, the premium is $1040.
The Purpose this Surety Bond
The purpose of the driving school bond is to serve as a financial guarantee which ensures your compliance with the Transportation Article of the Annotated Code of Maryland.
The bond also secures your compliance any future regulations and amendments promulgated by the MVA.
While required of your driving school company, the bond’s purpose is for the protection of any students or consumers who suffer some harm due to the failure of a driving school to comply with state regulations.
As principal of this bond, you are to indemnify the surety for any claims paid against your bond.
AmeriPro Surety Bonds is a surety bonds-only agency. We provide license and permit, court, and fiduciary surety bonds throughout Maryland.
Our agency also provides surety bonds nationwide.
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