§ 12–419
Statutes in effect as of October 1, 2026.
Md. Code Ann., Fin. Inst. § 12-419 (2026)
Title 12. Miscellaneous Institutions and Activities
Subtitle 4. Maryland Money Transmission Act
§ 12–419LinkCopy Citation
(a)
The original buyer of a payment instrument may request a duplicate of the instrument if the request is:
(1)
In writing; and
(2)
If required by the licensee, accompanied by:
(i)
An affidavit that gives the reason for the request and states the facts relating to the loss of or other failure to produce the original payment instrument; and
(ii)
A personal indemnity bond or, if the total amount of the payment instruments for which a duplicate is requested is $150 or more, a lost instrument corporate bond instead of a personal indemnity bond.
(b)
Each licensee shall issue or refuse to issue a duplicate payment instrument within 30 days after a request for the duplicate is made under this section.