Maryland Professional Solicitor Bond |
AmeriPro Surety Bonds | 844-589-9732
Professional Solicitors – Maryland
The Office of Secretary of State regulates professional solicitors in Maryland. The surety bond required of solicitors is also referred to as a Public Safety Solicitor bond
The profession, referred to as a Fund-Raising Counsel, is statutorily defined as someone who:
- Is compensated for their advisory role;
- Advises entities about professional solicitation in the state;
- And is prohibited personally from soliciting or receiving charitable contributions.
In addition to the $250 licensing fee, applicants are also required to file a surety bond.
Maryland Professional Solicitor Bond: Amount of Surety Bond and The Cost
The Maryland professional solicitor bond is a $25,000 surety bond which is required as per the Business Regulation § 6-303.
Not all surety bonds bypass credit inquiries; however, our agency offers this bond as an instant issue surety bond. This means that upon completion of a standard surety bond application, and payment of the premium, this surety bond is issued to you immediately.
There is no credit check for this bond if purchased from our agency.
The bond’s price is just $375 for a year.
Other Premium Options
While the $375 premium is standard for one year, we also offer you the opportunity to prepay this bond, if you choose, for 2 or 3 years. Prepayment allows you to save over year to year renewal of the professional solicitor bond premium.
Premium amounts are as follows:
- Prepaid for 2 years for $675;
- Prepaid for 3 years at $975.00.
The Purpose of this Bond
The purpose of the professional solicitor bond is a financial guarantee to ensure your compliance with all laws relating to the Fund-Raising Counsel, as also any future amendments to any such laws.
Specifically, the bond is a financial pledge of your compliance with Chapter 787 of the laws of Maryland.
As principal of this surety bond, you must 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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