§ 15–604
Statutes in effect as of October 1, 2026.
Md. Code Ann., Transp. § 15-604 (2026)
Title 15. Vehicle Laws -- Licensing of Businesses and Occupations
Subtitle 6. Title Service Agents
§ 15–604LinkCopy Citation
(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.