Skip to content

Maryland bonds

Maryland — Trustees, Mortgagees, Attorneys, Or Foreclosure Bond

Apply for the Maryland trustees, mortgagees, attorneys, or foreclosure bond through RLI using Purchase Now. Have the written request ready so the applicant, capacity and bond conditions match your matter.

Also known as Maryland Trustees, Mortgagees, Attorneys, Or Foreclosure Bonds

Continue to our secure checkout partner, RLI (opens in a new tab).

Recorded state
Maryland
Bond type
Foreclosure / Trustee Bond
Category
Court, probate & fiduciary

What this bond does

This application is for the obligation identified in your trustee, mortgagee, attorney or foreclosure bond request. When the matter is a foreclosure sale under Maryland Rule 14-213, the security concerns compliance with court orders about the sale or distribution of proceeds.

Who needs it
The person directed to provide the bond in the Maryland request. Rule 14-213 identifies the individual authorized to make the foreclosure sale; being a lender or an attorney advising the parties does not automatically make that person the principal.
Who it protects
A Rule 14-213 sale bond is given to the State of Maryland and conditioned on compliance with orders relating to the sale or its proceeds. For a request involving another capacity, use its own form to identify the protected obligation and obligee.

Your bond option

This is the option on record for this bond.

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.

Choose the form for the role you are performing

Read the bond conditions with the appointment, foreclosure instrument or order that prompted the request. A trustee conducting a foreclosure sale and a trustee administering an ongoing trust have different duties. The combined title does not make a foreclosure sale bond suitable for every trust or attorney obligation.

This page offers one RLI application, with no preset bond amount or term listed. Have the required amount and period ready. For sales governed by Rule 14-213, the required amount can change before ratification and the court can adjust it. The Montgomery County and all-other-counties Propeller offerings remain separate; this page does not certify equivalence with either form.

Sources

Have these ready

  1. The written request, required blank form and the document establishing your role.
  2. The applicant’s legal name and capacity exactly as requested.
  3. The Maryland court, county and case number, or other matter reference.
  4. The property and sale details where relevant, plus the required amount and effective period.
  5. After issuance: complete the required execution, check the named obligee and submit the bond according to the recipient’s instructions.

Questions about this bond

Does this bond cover all of my work as a trustee or attorney?

Use it for the obligation described in the requested instrument. The product’s combined name does not establish coverage for every matter you handle or every role you perform.

Who gives the bond for a Rule 14-213 foreclosure sale?

The individual authorized to make the sale files the bond to the State of Maryland. Use the actual order and form for the applicant’s name and capacity, rather than naming the purchaser or adviser by default.

What amount and term should I select?

No fixed amount or term is listed on this page. Use the applicable request and court instructions. In a Rule 14-213 sale, check the amount for the current stage because an increase or court adjustment may apply.

Where does Purchase Now take me?

It opens RLI’s application in a new tab. Apply with your request and matter details ready. After issuance, follow the required execution and filing process; starting the application does not establish court acceptance or authority to sell.

Related bonds

Keep exploring

How can we help you get started?

Choose the quote that fits, and we’ll take it from there.

Have a question? Contact us