890                                     LAWS OF MARYLAND                             Ch. 426

5-804.

(A)      EACH APPLICANT, AFTER NOTIFICATION BY THE
ADMINISTRATION OF THE APPROVAL OF HIS APPLICATION, SHALL
FILE WITH THE ADMINISTRATION ACCEPTABLE EVIDENCE OF A
SURETY BOND IN A FORM AND WITH A SURETY THE
ADMINISTRATION APPROVES. THE BOND SHALL BE IN THE
AMOUNT OF [[$15,000.00]] $10,000.00. THE BOND SHALL BE FOR THE
USE AND BENEFIT OF THE ADMINISTRATION AND ANY MEMBER
OF THE PUBLIC WHO SUFFERS OR SUSTAINS ANY LOSS BY
REASON OF ANY VIOLATION BY THE LICENSEE, OR BY HIS AGENT
OR EMPLOYEE, OF THE PROVISIONS OF THIS ARTICLE THAT THE
ADMINISTRATION SPECIFIES.

(B)    THE LICENSE OF ANY PERSON WHO FAILS TO FILE
ACCEPTABLE EVIDENCE THAT THE BOND REQUIRED HEREIN HAS
BEEN EXTENDED PRIOR TO THE DATE OF EXPIRATION OF THE
BOND SHALL BE AUTOMATICALLY SUSPENDED, AND THE
ADMINISTRATION SHALL IMMEDIATELY NOTIFY HIM OF THE
SUSPENSION.

5-805.

EVERY LICENSEE SHALL PAY AN ANNUAL LICENSE FEE OF $15.00
TO THE DEPARTMENT FOR EACH REGISTRATION YEAR OR PART
THEREOF DURING WHICH THE LICENSE IS VALID.

5-806.

(A)  THE ADMINISTRATION, UPON RECEIVING THE APPLICATION
ACCOMPANIED BY THE PROPER FEE AND THE PROPER BOND, AND
IF SATISFIED THAT THE APPLICANT IS ENTITLED TO THE
ISSUANCE THEREOF AND THAT SO FAR AS IT HAS ASCERTAINED
THE APPLICANT HAS COMPLIED WITH THE PROVISIONS OF THIS
PART, SHALL ISSUE TO THE APPLICANT A LICENSE CERTIFICATE
WHICH ENTITLES THE LICENSEE TO CARRY ON AND CONDUCT
THE BUSINESS OF TITLE SERVICE AGENT DURING THE
REGISTRATION YEAR IN WHICH ISSUED. THE LICENSE SHALL
EXPIRE ON [[APRIL 3011 DECEMBER 31 OF EACH YEAR AND MAY
BE RENEWED UPON APPLICATION AND PAYMENT OF THE FEE
REQUIRED BY THIS PART.

(B)    IF A LICENSE CERTIFICATE IS LOST, MUTILATED, OR
BECOMES ILLEGIBLE, THE ADMINISTRATION MAY ISSUE A
DUPLICATE CERTIFICATE UPON APPLICATION AND PAYMENT OF A
FEE OF $1.00. THE ADMINISTRATION MAY REQUIRE THE LICENSEE
TO FURNISH SATISFACTORY INFORMATION REGARDING THE
ORIGINAL, PRIOR TO THE ISSUANCE OF A DUPLICATE. UPON
ISSUANCE OF A DUPLICATE, THE CERTIFICATE LAST PREVIOUSLY
ISSUED IS VOID.

5-807.

(A) THE FOLLOWING ACTS OF ANY TITLE SERVICE AGENT, OR
AGENT OR EMPLOYEE OF A TITLE SERVICE AGENT, ARE
MISDEMEANORS: 1. FAILURE TO ACCOUNT FOR AND REMIT
TO THE ADMINISTRATION ANY FEES PAID IN CONNECTION
WITH MOTOR VEHICLE CERTIFICATES OF TITLE,
REGISTRATION, DRIVING LICENSES, CERTIFIED COPIES OF