Maryland Bond is a type of surety bond issued by the state of Maryland. It is a form of financial assurance that guarantees that an individual or company will perform certain obligations, such as meeting contractual obligations or paying taxes, as required by state laws. There are several types of Maryland Bond available, including Contractor License Bond, Utility Contractor Bond, Motor Vehicle Dealer Bond, Maryland Tax Bond, and Maryland Court Bond. The Contractor License Bond is a guarantee that a contractor will comply with the laws and regulations governing the licensing of contractors in the state. The Utility Contractor Bond is a guarantee that a contractor will perform according to the terms of a contract with a utility company. The Motor Vehicle Dealer Bond is a guarantee that a motor vehicle dealer will comply with the laws and regulations governing the sale and leasing of motor vehicles in Maryland. The Maryland Tax Bond is a guarantee that a taxpayer will comply with the state's tax laws and regulations. Lastly, the Maryland Court Bond is a guarantee that a court-appointed guardian or conservator will fulfill their duties and responsibilities.