{"data":{"id":"us-md/md.-code-transportation-15-103","jurisdiction":"us-md","citation":"Md. Code, Transportation § 15–103","heading":"","body":"(a) (1) Except as provided in paragraph (2) of this subsection, a surety bond required of a licensee under this title shall be for the benefit of the Administration and any other person who suffers any loss because of a violation by the licensee, his agents, or employees of those provisions of the Maryland Vehicle Law that the Administration specifies.\n(2) A manufacturer’s or distributor’s bond required under Subtitle 2 of this title shall be for the benefit of the Administration, any dealer, any buyer of a new or used Class A vehicle, and any member of the public who suffers any loss because of the breach of any express or implied warranty given by the manufacturer or distributor to a buyer of the vehicle from a dealer.\n(b) Any person who suffers a loss described in subsection (a) of this section has a right of action in his own name against the surety on the bond.\n(c) If, before a surety bond required under this title expires or is terminated, the licensee does not file satisfactory evidence that the bond has been extended or replaced by a bond that the Administration approves, his license automatically is suspended. The Administration immediately shall notify the licensee of the suspension.","path":["Article - Transportation"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gtr\u0026section=15-103","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T20:01:38Z","sha256":"6635524bb501a41cc133593df4b4c4968c4a09ffb493f1ca158dc9b9ed7882f3","source_id":"us-md","stale":false,"prev":"us-md/md.-code-transportation-15-102","next":"us-md/md.-code-transportation-15-104"},"notice":"GroundRules: Original legal text. Not legal advice."}