Maryland Electric Supplier Bond | Surety Bond
Type of BondMaryland Electric Supplier Bond is required by The Maryland Public Service Commission to comply with the State licensing requirements. Each state has drafted their own Electric Supplier Bond Form, so you will need a different Electric Supplier bond for each state you will be transacting business in.
This may be a problem for other agencies, but not ours. Our Agency is licensed in all 50 States and can handle all Surety Bonds.
Program: Our agency currently has several specialty programs that can help you place your $10,000 Maryland Electric Supplier Bond.
Maryland Electric Supplier bonds are an extension of credit, like a loan your rate will be based upon your credit situation. Most surety agencies will decline your bond submission if you don't have a 700 credit score, but our company is different. We can help you in almost any credit or financial situation. Our rates start at 1% to 3% for most surety bonds. If your credit has taken a beating the rates start at 4% to 25% .
Always check with the Maryland Public Service Commission "Obligee" for details
Our application process for a $10,000 Electric Supplier bond is easy. You can either apply online or fill out a pdf application at your leisure.
The Maryland Electric Supplier Bond amount is currently set at $10,000.
Obligee InformationAn obligee is the entity that is requiring you to have the Electric Supplier bond.
For your convenience you can view a sample copy of the Maryland Electric Supplier Bond Form
Obligee address:Obligee: Maryland Public Service Commission Street: 6 Saint Paul St #1600 State: MD Zip: 21202
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