Maryland Employment Agency Surety Bond
We write $7,000 Employment Agency Bonds in Maryland.
Our GOOD CREDIT price is $100.
Maryland Employment Agency Bonds are required by the Maryland Department of Licensing & Regulation. The required bond amount is $7,000. These bonds expire April 30th each year.
In 2008, the Employment Agencies Law was amended by the Maryland General Assembly to give the Commissioner of Labor and Industry (“Commissioner”) authority to ensure compliance with the penal bond requirement of Section 9-301(a) & (b), Business Regulation Article, Annotated Code of Maryland. Sections 9-301(a) and (b) require that each employment agency submit to the Commissioner a penal bond in the amount of $7000. If the required penal bond is not submitted, the Commissioner has the authority to direct that such bond be submitted and to impose a civil penalty of $500-$1000.
The State of Maryland requires all employment agencies to obtain a penal bond and submit the bond to the Commissioner of Labor and Industry before doing business in the State. An employment agency is generally a person, partnership or corporation which, for a fee.
Most applicants with good credit will qualify for rate indicated. In order to receive your specific quote, we must review your qualifications to determine the lowest possible price. If you have already been declined or nonrenewed by another Surety Company, chances are you will not qualify for this preferred rate.
We have various sureties willing to write bonds for applicants with less than perfect credit, including a special program with very competitive prices for those with just a few credit blemishes.
We find the best possible price for your surety bond given your particular qualifications.
Additional information about this corporate surety bond requirement is as follows:
Obligee - Maryland Department of Licensing & Regulation
Bond Amount - $7,000.00
Bond Premium - $100.00
Renewal Document - Renewal Bond required.
You are applying for a $7,000 MD Employment Agency Surety Bond.
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