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 |