Md. Code, Transportation § 15-604
Md. Code, Transportation § 15-604
in effect(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.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gtr§ion=15-604&enactments=falseFetched: 10/17/2026