Each applicant shall file with his application for a license a bond, in form approved by the director of public safety, in the penal sum of one thousand ($1,000) dollars, with one or more sufficient sureties, conditioned that the applicant will not violate any of the duties, terms, conditions, provisions, or requirements of this act. If any person shall be aggrieved by the misconduct of any such licensed person, in violating any of the provisions of this act, and shall recover judgment against him therefor, such person may, after the return unsatisfied, either in whole or in part, of any execution issued upon said judgment, maintain an action in his own name, upon the bond of said licensed person, in any court having jurisdiction of the amount claimed, provided such court shall, upon application made for the purpose, grant leave to bring such action.
53 P.S. § 4544