Maryland Motorcycle or Trailer Dealer Bond
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What Is a Maryland Motorcycle or Trailer Dealer Bond?
Maryland General Assembly Statute §15–308 requires new and used motorcycle dealers and trailer dealers to be bonded. This bond ensures that dealers follow state law and license regulations when purchasing or selling motorcycles and trailers.
How Much Does a Motorcycle or Trailer Dealer Bond Cost in Maryland?
Maryland motorcycle dealer bond prices start as low as $50. Your exact bond premium will be determined based on your license type and personal credit. Apply now to receive a quote within one business day.
How Do I Get a Maryland Motorcycle Dealer Bond?
Apply for your Maryland motorcycle or trailer bond by providing the following information for Department of Transportation filing approval:
- Name
- Dealer license number
- The amount of vehicles sold or trailer type
After processing you order, we'll mail your official bond documents using your preferred shipping method.
How Fast Can I Get a Motorcycle or Trailer Dealer Bond?
We deliver motorcycle or trailer dealer bonds faster than any other surety company. Orders placed by 4 PM CST Monday-Friday are processed same-day. Choose overnight shipping if you're in a rush!
How Does a Motor Vehicle Dealer Bond Work?
This bond protects individuals harmed by dealers who fail to comply with legislation. These individuals can file a bond claim against the dealer. If the surety finds their claims to be valid, they will be reimbursed up to the full bond amount. The dealer must then reimburse the surety for all dues paid.
Who Regulates Licensing for Motorcycle or Trailer Dealers in Maryland?
The Maryland Department of Transportation Motor Vehicle Administration enforces licensing requirements for motorcycle or trailer dealers working in the state.
This bond is a state requirement for motorcycle or trailer dealers. If you work in the state and need an auto dealer bond or boat dealer bond, we offer those as well.
What Is the Required Bond Amount for Motorcycle or Trailer Dealers in Maryland?
The minimum bond amount that you need depends on the type of license for which you are applying.
For new motorcycle dealers, the bond amounts vary based on annual vehicle sales:
- 1-500 new motorcycles: $50,000
- 501-1,000 new motorcycles: $75,000
- 1,001-2,500 new motorcycles: $100,000
- 2,501 or more new motorcycles: $300,000
For used motorcycle dealers, the bond amounts are as follows:
- 1-250 used motorcycles: $15,000
- 251-500 used motorcycles: 25,000
- 501-1,000 used motorcycles: $35,000
- 1,001-2,500 used motorcycles: $300,000
- 2,501 or more used motorcycles: $150,000
For trailer dealers, the bond amounts vary based on trailer length:
- Trailers less than 15 feet: $5,000
- Trailers more than 15 feet: $15,000
How Do I Update or Change my Maryland Motorcycle Dealer Bond Form?
If the Maryland Department of Transportation requires an update to your bond form, contact your surety provider. If you purchased your bond from SuretyBonds.com, email [email protected] to explain the needed change.
The most common changes for these bonds include:
- Name
- Dealer license number
- Amount of vehicles sold or trailer type
How Do I Renew My Maryland Motorcycle or Trailer Dealer Bond?
Your motorcycle or trailer dealer bond in Maryland should be renewed at the end of its current term. Once you pay your SuretyBonds.com renewal invoice, we'll send renewal instructions to keep your bond active for your next license term.
How Do I Get My Motorcycle or Trailer Dealer License in Maryland?
Complete the steps below to get your Maryland motorcycle or trailer license:
- Determine if you need a license to sell trailers or motorcycles.
- Pay the required fees.
- Complete either the Trailer Dealer Business Licensing Packet or Motorcycle Dealer Business Licensing Packet.
- File a Maryland surety bond in required bond amount.
- Undergo a criminal background check.
- Have an inspection completed of your property.
- Complete your dealer orientation.
You must be sure that you have completed and submitted the following forms:
- Certificate of insurance to prove liability coverage
- Zoning approval form from your local zoning authority
- Power of attorney (only for trailer dealers)
- Proof of worker’s compensation coverage
- Copy of trader’s license
- Business registration letter from the Maryland State Department of Assessments and Taxation.
- Automotive repair facility contract
- Franchise approval from manufacturers who will have vehicles sold
- New vehicle certification form
- Insurance information form
Additional forms may be required by the Department depending on location of your business or if you have previously be licensed out of state.
You can mail your completed application on the online portal or mail it to:
MDOT MVA
Business Licensing Room 146
6601 Ritchie Highway, NE
Glen Burnie, Maryland 21062
Additional Resources
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