Section 15-604 - Title service agent's bond(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.Amended by 2018 Md. Laws, Ch. 512,Sec. 1, eff. 10/1/2018.