Maryland Motor Vehicle Dealer License Surety Bond

In order to obtain a Maryland Vehicle Dealer License, each applicant must read and complete the MVA Dealer Business Licensing Packet.  Each dealer is required to post and maintain a Surety Bond of Vehicle or Trailer Dealer (CS-067A) in an amount equal to the bond requirment, which is based on the number of vehicles you sell or plan to sell annually. (see below)  The bond must be in the full name of the dealership, including any trade or fictitious business names you intend to operate under.  A full list of each dealer type with definitions can be found on the Dealer Information page of the MD Motor Vehicle Administration

 

License Type Number of Vehicles Sold Required Bond Amount
New Vehicle 1-500 $50,000
  501 - 1,000 $75,000
  1,001 - 2,500 $100,000 
  Over 2,500 $300,000
Used Vehicle 1 - 250 $15,000
  251 - 500 $25,000
  501 - 1,000 $35,000
  1,001 - 2,500 $50,000
  Over 2,500 $150,000
Wholesale 1 - 250 $15,000
  251 - 500 $25,000
  501 - 1,000 $35,000
  1,001 - 2500 $50,000
  Over 2,500 $150,000
Trailer  Boat Trailer $5,000
  Under 15 Feet $5,000
  Over 15 Feet $15,000
New Motorcycle 1 - 500 $50,000
  501 - 1,000 $75,000
  1,001 - 2,500 $100,000
  Over 2,500 $300,000
Used Motorcycle 1 - 250 $15,000
  251 - 500 $25,000
  501 - 1,000 $35,000
  1,000, - 2,500 $50,000
  Over 2,500 $150,000
New Emergency 1 - 250 $50,000
  251 - 1,000 $75,000
  1,001 - 2,500 $100,000
  Over 2,500 $300,000
Used Emergency 1 - 250 $15,000
  251 - 500 $25,000
  501 - 1,000 $35,000
  1,001 - 2,500 $50,000
  Over 2,500 $150,000
Title Service   $25,000
MANUFACTURER, SECOND STAGE MANUFACTURER, DISTRIBUTOR or FACTORY BRANCH LICENSE DISTRIBUTOR or FACTOR BRANCH LICENSE 1 - 50 $25,000
  51 - 500 $50,000
  501 - 10,000 $100,000
  Over 10,000 $300,000