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 ยง 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.

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