2022 Maryland Statutes
Transportation
Title 15 - Vehicle Laws -- Licensing of Businesses and Occupations
Subtitle 6 - Title Service Agents
Section 15-604 - Title Service Agent's Bond

    (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.

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