Maryland — Boat Dealer Bond
Maryland DNR's dealer guide requires $20,000 security for the first license year. Renewal security depends on the preceding sales review, so obtain DNR's amount rather than choosing the lowest figure.
Continue to our secure checkout partner, Propeller (opens in a new tab).
- Recorded state
- Maryland
- Bond type
- Boat / Vessel Dealer or Salesperson Bond
- Category
- Vehicles, titles & transportation
What this bond does
The B142A bond names the State of Maryland, Department of Natural Resources as obligee. Its condition addresses compliance with the Natural Resources Article and DNR regulations concerning collection of fees and taxes during the boat-dealer license and its extensions or renewals.
- Who needs it
- The actual boat-dealer business applying through DNR, including the dealer roles described in its guide. The business application identifies ownership form and activities; an individual salesperson count does not turn this into a separate salesperson bond.
- Who it protects
- B142A benefits DNR and members of the public with loss from the principal's, agents' or employees' violations of the specified State Boat Act provisions. It expressly makes the penal amount noncumulative from year to year. It is not insurance for inventory or damage to a customer's boat.
Your bond option
This is the option on record for this bond.
- Bond optionPurchase Now (opens in a new tab)Continue to our secure checkout partner, Propeller (opens in a new tab).
The bond amount describes the limit of the bond obligation, not the price. A listed amount does not establish what the requesting party requires. The premium is what you pay and must be confirmed for the actual option. An E&O limit, where listed, is separate errors and omissions insurance.
Sources
- Maryland DNR: Boat Dealer License Applicant's Guide (opens in a new tab)Checked October 26, 2026
- Maryland DNR: B142A Boat Dealer Bond (opens in a new tab)Checked October 26, 2026
- Maryland DNR: B141 Boat Dealer License Application (opens in a new tab)Checked October 26, 2026
Have these ready
- Identify the actual business name, trading name, ownership form and DNR account or application.
- Have the B141 business application and ownership certifications ready.
- Obtain DNR's first-year or sales-based renewal security requirement.
- Complete B142A execution for the actual individual, partnership or corporation.
- Provide current surety evidence for the license period and follow DNR delivery instructions.
Questions about this bond
Can I choose the $5,000 renewal amount for my first year?
The guide specifies $20,000 for the first license year. Subsequent sums depend on the sales review. Obtain the actual DNR requirement before applying.
Does the annual license increase the bond limit every year?
No. B142A says its penal amount is not cumulative from year to year. The applicable required sum may change with the renewal determination, but that is different from stacking annual limits.
Are the application signatures the same as the bond signatures?
They are separate documents. B141 requires ownership certifications, while B142A sets execution instructions for the actual principal type and corporate authority. Complete both rather than substituting one for the other.