Maryland Title Service Agent Bond |
AmeriPro Surety Bonds | 844-589-9732
Title Service Agents – Maryland
Title service agents in Maryland are licensed by the state’s Motor Vehicle Administration and are statutorily governed by Title 11, Department of Transportation.
Besides meeting other requirements, title service agents are required to furnish evidence of a the appropriate surety bond. Our agency offers this surety bond quickly and at one low flat fee.
Maryland Title Service Agent Bond: Amount of Surety Bond Required and the Cost
The Maryland title service agent bond is a $50,000 surety bond required of licensees.
Our agency offers this bond for one low price of just $500. We do so without having to submit to a credit check which is typically required of most other surety bonds.
Qualifying is therefore easy and on the spot:
After completion of a standard surety bond application and payment of the premium, the bond is issued to you immediately.
An emailed copy of the bond can be sent to you at no extra charge, which you may use to provide the bond number on your new or renewal license application.
The original signed surety bond will be sent the same or the following business day.
Prepay and Save
While your title service agent bond is issued for one year and must be renewed annually, our agency also offers you the option to prepay this surety bond for 2 or 3 years, thereby offering you a savings over year to year renewals.
Pricing options for prepayment of the title service agent surety bond are:
- $900 if prepaid for 2 years;
- $1300 if prepaid for 3 years.
However, we emphasize that the choice is yours. Only the annual surety bond is absolutely required for a title service agent.
The Purpose of this Surety Bond
The Maryland title service agent bond is to serve as a financial guarantee which serves to guarantee your compliance with all laws, regulations, and any amendments governing being a title service agency in Maryland.
The bond protects others, not your agency, from acts of malfeasance, negligence, and wrongdoing committee by a title service agency and which in turn causes harm.
As principal for 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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