# COMAR Title 15 — Maryland Department of Agriculture

## Subtitle 19 — Grain Dealers' Licensing

### Chapter 01 — General Regulations

#### Regulation .05 Posting.

*COMAR 15.19.01.05*

A. If the applicant chooses to post a surety bond, letter of credit or

B. If the applicant does not file a financial statement, the Department may not issue a:

  (1) Type A license if the applicant posts an amount less than $15,000;

  (2) Type B license if the applicant posts an amount less than $35,000; and

  (3) Type C or D license if the applicant posts an amount less than $100,000.

C. If the applicant chooses the posting option, he shall:

  (1) Show the same name for the following matters:

    (a) The named applicant, in his grain dealer's license application,

    (b) The named principal, if he posts a surety bond, or

    (c) The named obligor or guarantor, if he posts either an irrevocable letter of credit or cash guaranty;

  (2) Name the Maryland Department of Agriculture as the obligee or as the beneficiary of the surety bond, irrevocable letter of credit or cash guaranty.