Md. Code Regs. 36.07.02.10

Current through Register Vol. 51, No. 24, December 2, 2024

Section 36.07.02.10 - Bonds

A. The Commission may require an applicant or licensee to obtain a bond before the Commission issues or reissues a license.

B. A bond shall be for the benefit of the State for the faithful performance of the requirements imposed by Maryland Criminal Law Article, § 12-301.1, Annotated Code of Maryland, and any regulations issued under that section.

C. The Commission may not issue or reissue a license unless it has received satisfactory proof of a bond.

D. The Commission may apply a bond to the payment of an unpaid liability of the applicant or licensee.

Md. Code Regs. 36.07.02.10

Regulations .10 adopted as an emergency provision effective 40:20 Md. R. 1650, eff.8/26/2013 ; adopted permanently effective December 12, 2013 40:24 Md. R. 2019, eff.8/26/2013