There is a newer version of the Maryland Code
Maryland Transportation Section 15-705
§ 15-705.
  (a)   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.
  (b)   The amount of the surety bond shall be $40,000.
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