Maryland Statutes
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.

Structure Maryland Statutes