Code of Maryland Regulations
Title 31 - MARYLAND INSURANCE ADMINISTRATION
Subtitle 03 - INSURANCE PRODUCERS AND OTHER INSURANCE PROFESSIONALS
Chapter 31.03.05 - Bail Bonds
Section 31.03.05.14 - Return of Collateral
Universal Citation: MD Code Reg 31.03.05.14
Current through Register Vol. 51, No. 19, September 20, 2024
A. Immediately upon the discharge of a bail bond, the bail bondsman shall return any collateral held by the bail bondsman. Upon receiving a request for return of collateral, the bail bondsman shall promptly determine whether the bail bond has been discharged.
B. The bail bondsman may deduct any unpaid premiums due on the bail bond from any collateral being returned.
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