2018 Maryland Code
Title 15 - Vehicle Laws -- Licensing of Businesses and Occupations
Subtitle 6 - Title Service Agents
§ 15-604. Title service agent's bond
(a) Exceptions. -- 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) Bond required. -- 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) Amount of bond. -- The amount of the surety bond shall be $ 50,000.