Md. Code Regs. 11.12.02.06 - Surety Bond
A. An applicant for
a license shall file with the Administration, per business entity registered
with the State Department of Assessment and Taxation, acceptable evidence of a
surety bond in such form as the Administration shall approve and with a surety
approved by the Administration in the sum set forth in Transportation Article,
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15-604, Annotated Code
of Maryland.
B. A bonding company
shall give the Administration at least 45 days notice by registered or
certified mail of the cancellation of a title service agent's bond, and the
bond shall be considered to be in full force and effect for a period of at
least 45 days after notice is given.
Notes
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