Maryland Transportation Section 15-604

      (a)      This section does not apply to:

            (1)      A licensed dealer who is in compliance with the surety bond requirement of Subtitle 3 of this title; or

            (2)      A motor club that is in compliance with the surety bond requirement of § 26-204 of the Insurance Article.

      (b)      After the Administration notifies an applicant of the approval of an application and before the Administration issues a license, the applicant shall file with the Administration a surety bond in the form and with the surety that the Administration approves.

      (c)      The amount of the surety bond shall be $25,000.