# Financial Institutions (GFI)

## Title 12. Miscellaneous Institutions and Activities

### Subtitle 4. Maryland Money Transmission Act

#### Section 12-419

(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.

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Md. Code Ann., Fin. Inst. (as displayed at mgaleg.maryland.gov, October 16, 2026)