Maryland Tag And Title Service | $25,000 Tag And Title Service Surety Bond

Also known as: tag and title service bond

Type of Bond

A tag and title service bond is a type of surety bond that may be required for businesses providing tag and title services for vehicles in certain states, including Maryland. The bond serves as a financial guarantee that the bonded business will comply with applicable laws and regulations and fulfill its obligations related to vehicle titling, registration, and tag issuance. The purpose of the bond is to protect the interests of vehicle owners and the public by ensuring that tag and title services are conducted in a lawful and responsible manner. It provides assurance that the bonded business will handle the necessary paperwork, fees, and documentation accurately and in accordance with state requirements. By obtaining the bond, the tag and title service provider agrees to abide by the regulations and guidelines set forth by the state's motor vehicle agency or other relevant regulatory authorities. This may include properly registering vehicles, processing title transfers, collecting and remitting fees, and maintaining accurate records of transactions. If the bonded tag and title service provider fails to fulfill its obligations or violates the terms of the bond agreement, a claim can be filed against the bond. This allows vehicle owners or regulatory bodies to seek financial compensation for any damages, losses, or non-compliance issues resulting from the actions of the bonded business. The bond amount for a tag and title service bond is typically determined based on the specific requirements set by the state's motor vehicle agency or regulatory authority. It may vary depending on factors such as the volume of transactions, the value of the vehicles being handled, and the specific bond requirements in the state. Tag and title service providers should consult with the state's motor vehicle agency or a surety bond provider to understand the specific bond requirements applicable to their operations and to obtain the necessary bond coverage.


Program

The price you'll pay for your $25,000 Tag And Title Service Bond is generally based on your personal credit score. Start a free online quote by just completing a simple app or by calling 888-518-8011. Our experts will walk you through a very simple process. Compare our quote as the very lowest price, and then you're good to go! It's that simple!

We provide all types of $25,000 Tag And Title Service Bonds. Worldwide Insurance Specialists, Inc. has "in house" underwriting authority with the largest and best Surety (Insurance) companies in the world including, Great American, Liberty Mutual, Philadelphia, Travelers, and CNA Surety. All of these surety bond companies are A-rated under the AM Best credit rating system, and T-listed with the U.S. Department of Treasury. This guarantees that by getting bonded through us, you will be provided the backing of these highly trustworthy and reliable companies.


Application

The application process for a $25,000 Tag And Title Service Bonds is easy! Many Bonds are INSTANT ISSUE! Easy Application, no underwriting, no credit check, no GIA required. Our NEW Desktop underwriting program provides you with a rapid approval process used to determine the degree of risk that you (the Principle) complete a project or obligation. Non-INSTANT ISSUE quotes can also get instantly approved. Submissions require very little information from you. Once you file and sign an indemnity agreement, we issue the Bond. It's that simple! We quote and issue Surety Bonds of every type and will help you through the entire process. These applications only require basic information about your business, bond type, and ownership structure. Once the application is complete, we submit to the insurance company (Surety) who will then issue your bond. Don't pay too much! Get your Bond Fast, and Easy with the best price! Click here to start the Tag And Title Service Bond Application process.

The Maryland Tag And Title Service Bond amount is currently set at  $25,000.

Obligee Information

An obligee is the entity that is requiring you to have the Tag And Title Service bond.

For your convenience you can view a sample copy of the Maryland Tag And Title Service Bond Form.

Obligee: Maryland Motor Vehicle Administration
Street: 6601 Ritchie Highway Ne
State: Maryland
Zip: 21062