Maryland home builder deposit bonds.
From $100.
Maryland registers new-home builders under Business Regulation Title 4.5, and a builder who accepts a deposit before a home is complete must post a surety bond (or letter of credit) so those deposits are protected. Pricing is 2% of your bond amount, with a $100 minimum. Enter the amount the Home Builder Registration Unit asks for to get started.
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How much does a Maryland home builder deposit bond cost?
2% of the bond amount, from $100. Enter your amount in the calculator for the exact price.
Three steps. One sitting.
No underwriting queue for the standard home builder deposit bond — enter your amount, pay, and file with your registration. Here is the whole thing:
Apply online
Your business details, your MHBR number, the bond amount required, and the effective date — that is the application.
Issued on the spot
Most applicants are approved instantly — no waiting, and the executed bond is generated as soon as you pay.
File with the Home Builder Registration Unit
Submit the executed bond with your home builder registration. Wet-ink originals mailed whenever the office insists on them.
What it is and who needs it.
What the deposit bond actually covers
Maryland's Home Builder Registration Act (Business Regulation Title 4.5) requires anyone who builds new homes for sale to register with the Home Builder Registration Unit, administered by the Office of the Attorney General's Consumer Protection Division.
A registered builder who receives payment on a contract before a home is complete must obtain and maintain a surety bond (or a letter of credit) as a condition of registration. The bond stands behind the consumer's deposit, so a buyer can recover if the builder takes the money and does not finish the home.
It is not insurance for you. If the surety pays a buyer's claim, you repay the surety. The exact bond amount is set in connection with your registration and the deposits you take — confirm the figure with the Registration Unit; pricing is 2% of that bond amount, with a $100 minimum.
You need this bond if you are
Claims, renewal, filing, and what sets the price.
If a claim is made
A claim comes from the party the bond protects, the obligee named on the form, when the duty the bond guarantees is not met.
The surety investigates and pays a valid claim, up to the bond amount. You then repay the surety: a surety bond is a guarantee of your performance, not insurance for you.
Renewal and term
The premium covers a one-year term from the effective date you choose.
Renew before the expiry date to keep the bond in force: the license, permit or contract it backs expects continuous coverage.
How to file it
File with the Home Builder Registration Unit. Submit the executed bond with your home builder registration. Wet-ink originals mailed whenever the office insists on them.
What sets the price
The premium is 2% of the bond amount, $100 minimum: the amount the obligee sets moves the price, not your business profile.
No credit check up to $10,000. Above that, the carrier may run a soft pull, which never affects your score.
Where a check runs, it decides approval; the rate is the same for everyone approved.
One application, most applicants issued on the spot.
Submit the application with your MHBR number and required bond amount — see your exact price, then get the executed bond ready to file.
Start the application →Common questions.
Other Maryland bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Home builder deposit bond, issued today.
Pricing from $100. Enter the amount the Registration Unit required and file the same day.