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11.12.02.00.htm 11.12.02.00. Title 11 DEPARTMENT OF TRANSPORTATION Subtitle 12 MOTOR VEHICLE ADMINISTRATION ― LICENSING OF BUSINESSES AND OCCUPATIONS Chapter 02 Title Service Agents Authority: Transportation Article, §12-104(b) 15-102, 15-103, 15-105, 15-106, 15-108, and 15-604―15-606, Annotated Code of Maryland
11.12.02.01.htm 11.12.02.01. 01 Definitions.. A. In this chapter, the following terms have the meanings indicated.. B. Terms Defined.. 1) "Administration" means the Motor Vehicle Administration.. 2) "License" means a title service agent's license issued by the Administration under Transportation Article, Title 15, Subtitle 6, Annotated Code of Maryland.3) "Location" means the fixed location from which the title service agent conducts the activity of a title service agent and which is specified in the
11.12.02.02.htm 11.12.02.02. 02 Licensing of Title Service Agents.. A. An individual may not conduct the business of a title service agent unless the individual meets the requirements set forth in this chapter and is licensed.B. A license may be obtained by submitting to the Administration in the form required by the Administration:1) An application;. 2) Zoning approval, as set forth in Regulation .03B of this chapter;. 3) A surety bond as set forth in Regulation .07 of this chapter; and.
11.12.02.03.htm 11.12.02.03. 03 Office Requirements.. A. Before issuing a license, the Administration shall inspect and approve a title service agent's office.B. Zoning of a Title Service Agent's Office.. 1) The office shall be located in an appropriately zoned location.. 2) An applicant for a license shall provide verification of zoning approval, if required by the local jurisdiction, in the form of a zoning certification.3) A title service agent who does not conduct business with the public at t
11.12.02.04.htm 11.12.02.04. 04 Records.. A. Records Retention. A title service agent shall retain those records relating to the business for a minimum of 3 years. These records shall include, but are not limited to, transaction transmittal forms specified in Regulation .05 of this chapter and those records relating to the collection of:1) Excise tax;. 2) Titling and registration fees; and. 3) Other fees collected for the Administration.. B. These records shall identify the:. 1) Customer's file number;.
11.12.02.05.htm 11.12.02.05. 05 Transmittal Form.. A. A title service agent shall send transactions to the Administration only on a transmittal form furnished by the Administration and in the manner required by the Administration.B. The Administration shall return a receipted copy of the transmittal form to the title service agent.
11.12.02.06.htm 11.12.02.06. 06 Surety Bond.. A. An applicant for a license shall file with the Administration, per business entity registered with the State Department of Assessments and Taxation, acceptable evidence of a surety bond in such form as the Administration shall approve and with a surety approved by the Administration in the sum set forth in Transportation Article, §15-604, Annotated Code of Maryland.B. A bonding company shall give the Administration at least 45 days notice
11.12.02.07.htm 11.12.02.07. 07 Authorized Representatives.. A. When applying for an original or renewal license, a title service agent shall provide the Administration, on a form furnished by the Administration, the names of employees and agents employed by the agent.B. The Administration shall issue each employee or agent an identification card which authorizes the employee or agent to act on behalf of the title service agent.C. The title service agent shall immediately surrender to the Administratio
11.12.02.08.htm 11.12.02.08. 08 Revocation or Suspension of License.. After a hearing held in accordance with the provisions of the Administrative Procedure Act, the Administration may indefinitely suspend or revoke a license granted under the provisions of this chapter if a title service agent:A. Has perpetrated a fraud against the Administration or the public;. B. Is advertising in such a manner as to imply that the agent is associated with or a part of the Administration or another SC. Is conducting the busi
11.12.02.9999.htm 11.12.02.9999. Administrative History Effective date: February 15, 1973. Regulation .01C amended effective May 12, 1976 (3:10 Md. R. 529). Regulations .03, .04, and .05 amended effective February 4, 1976 (3:3 Md. R. 152) ―. Chapter revised effective January 23, 1981 (8:2 Md. R. 113). Regulation .02C amended effective July 8, 1991 (18:13 Md. R. 1483) ―. Regulations .01―05 repealed and new Regulations .01―08 adopted effective January 29, 1996 (23:2 Md. R. 96)
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