Maryland § 20-601
Full text of Maryland Maryland Code § 20-601, with citation guidance and answers to common questions.
§ 20-601.
(a) (1) Subject to this section, an applicant for a license shall execute a bond that is conditioned on the faithful and honest conduct of the applicant and runs to the State for the benefit of any person injured by any wrongful act of the applicant that is willful or malicious.
(2) The applicant shall submit the bond to the Secretary with the license application.
(b) (1) The amount of the bond required under subsection (a) of this section shall be at least $2,500.
(2) The total liability of the surety to all insured persons under the bond may not exceed the penal sum of the bond.
(c) A licensee shall keep in effect at all times a bond that meets the requirements of this section.
(d) If a licensee’s bond is canceled, forfeited, or terminated by the surety, the surety immediately shall notify the Secretary.
(e) If a surety fails to notify the Secretary as required by this subsection, the bond shall continue in effect until the notice is given to the Secretary.
Frequently Asked Questions About Maryland § 20-601
What does Maryland Code § 20-601 cover?
Section 20-601 is part of the Maryland Code, the codified statutory law of Maryland. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Maryland § 20-601?
A common citation format is "Maryland Code § 20-601" (Maryland). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Maryland law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Maryland official source linked on this page or consult a licensed Maryland attorney.
How does Maryland § 20-601 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Maryland can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Maryland.