Maryland home builder performance bonds.
$500 flat.
When a Maryland builder takes a buyer's deposit before a home is finished, the law requires the deposit to be protected — by escrow, a letter of credit, or a surety bond filed with the Home Builder Registration Unit. At the $50,000 amount on this application, our premium is $500 flat, set by our carrier's rate book for this bond.
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How much does a Maryland home builder performance bond cost?
$500 at the $50,000 amount, the same for every applicant.
Three steps. One sitting.
Your deposit-protection filing is waiting on this bond. Here's the whole process:
Apply online
Business details and an effective date. That is the application. No credit check.
Pay & e-sign
Fixed-amount bonds like this are among the thousands that issue right after purchase.
File with the Registration Unit
Your executed bond arrives by email, ready to file with the Home Builder Registration Unit. Wet-ink original mailed on request.
What it is and who needs it.
What the bond actually guarantees
Maryland law protects buyers who pay a deposit on a new home before it is finished. Under the Real Property Article, Title 10, Subtitle 3 (Deposits on New Homes), a builder who receives such a deposit must maintain an escrow account, a surety bond, or an irrevocable letter of credit — the bond version is filed with the Home Builder Registration Unit of the Office of the Attorney General.
The bond is a buyer-protection guarantee: it backs the refund of the deposit if the builder fails to complete the home and the buyer is entitled to their money back. It's a three-party arrangement — you (the principal), the surety, and the State together with protected buyers.
One note on the amount. The statute sizes the required security to the deposits at risk, and registered builders also participate in the Home Builder Guaranty Fund (which caps consumer recovery at $50,000 per claim). This application is set at a $50,000 bond — confirm that $50,000 is the figure the Registration Unit expects for your situation before you file, and if your deposits call for a different amount, send it and we'll quote it.
You need this bond if you're
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 $50,000 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; a longer term is the same price per year, chosen at checkout.
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 Registration Unit. Your executed bond arrives by email, ready to file with the Home Builder Registration Unit. Wet-ink original mailed on request.
What sets the price
The premium is fixed at $500 at the $50,000 amount for every applicant: the carrier’s rate book prices this bond by the form, not by your credit or your business profile.
No credit check.
One application, issued instantly.
These are the actual issuing fields. No credit check.
Start the application →Common questions.
Other Maryland bonds.
Been told you need a different amount?
Price and requirements checked on the carrier’s application, . Page updated .
Protect your buyers and your registration today.
$500 flat, no credit check, bond often issued in the same sitting. Free until issued.