(a) The Administration shall maintain an Assurance Fund and deposit in it the filing fees collected under this subtitle.
(b) When the Assurance Fund reaches $25,000, any money in excess of that amount shall be transferred to the Transportation Trust Fund.
Structure Maryland Statutes
Title 13 - Vehicle Laws -- Certificates of Title and Registration of Vehicles
Subtitle 2 - Security Interests
Section 13-201 - "Perfected" Defined; Application of Subtitle
Section 13-202 - Perfection of Security Interest -- in General
Section 13-203 - Perfection of Security Interest -- by Owner
Section 13-206 - Duty of Secured Party to Disclose Certain Information
Section 13-207 - Procedure Exclusive
Section 13-209 - Assurance Fund -- Maintenance