There is a newer version of this Section
2020 Maryland Statutes
Title 15 - Vehicle Laws -- Licensing of Businesses and Occupations
Subtitle 6 - Title Service Agents
Section 15-604 - Title Service Agent's Bond
Universal Citation: MD. Transportation Code Ann. § 15-604 (2020)
(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 $50,000.
Disclaimer: These codes may not be the most recent version. Maryland may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.