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870 LAWS OF MARYLAND Ch. 14
IN ADDITION TO THE INFORMATION REQUIRED UNDER
§15-102 SUBTITLE 1 OF THIS TITLE, EACH APPLICATION FOR A
LICENSE SHALL INCLUDE:
(1) THE NAME AND BUSINESS ADDRESS OF THE LICENSED
DEALER BY WHOM THE APPLICANT IS OR WILL BE EMPLOYED; OR
(2) A STATEMENT THAT THE APPLICANT IS HIMSELF A
LICENSED DEALER.
REVISOR'S NOTE: This section is new language derived
without substantive change from Art. 66 1/2,
§5-301.1(b)2.
The balance of present Art. 66 1/2, §5-301.1
is deleted as already covered by the standard
provisions of §15—102 of this title.
15-406. LICENSE FEE.
(A) ANNUAL FEE REQUIRED.
EXCEPT AS OTHERWISE PROVIDED IN THIS TITLE, EACH
LICENSEE SHALL PAY AN ANNUAL FEE TO THE ADMINISTRATION
FOR EACH LICENSE YEAR OR PART OF A LICENSE YEAR FOR WHICH
THE LICENSE IS ISSUED.
(B) AMOUNT OF FEE.
THE ANNUAL LICENSE FEE IS $5.
REVISOR'S NOTE: This section presently appears as
Art. 66 1/2, §5-307.
In subsection (a) of this section, the more
correct term "license year" is added for
clarity. Also, the phrase "{e}xcept as
otherwise provided ..." is added in light of
§15—307(c) of this title, which provides for
one salesman's license to be issued without
charge on issuance of a dealer's license.
The only other changes are in style.
15-407. SALESMAN'S BOND.
(A) BOND REQUIRED.
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.
(B) AMOUNT OF BOND.
THE AMOUNT OF THE SURETY BOND SHALL BE $1,000.
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