Maryland · Maryland Code — Transportation Article
Md. Code, Transp. § 15-308: (a) (1) 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
What this law says, in plain English
Vehicle dealers must file an approved surety bond with the Administration before receiving a license. Bond amounts vary by vehicle type and sales volume, ranging from $5,000 to $300,000.
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