1. A. If the applicant chooses to post a surety bond, letter of credit or cash guaranty, instead of filing a financial statement, he shall use a form furnished by the Department and post an amount at least as large as the following for the different types of licenses:

   Type of License	Minimum Amounts
   A	$ 15,000
   B	35,000
   C	100,000
   D	100,000

2. B. If the applicant does not file a financial statement, the Department may not issue a:

   1. (1) Type A license if the applicant posts an amount less than $15,000;
   2. (2) Type B license if the applicant posts an amount less than $35,000; and
   3. (3) Type C or D license if the applicant posts an amount less than $100,000.

3. C. If the applicant chooses the posting option, he shall:

   1. (1) Show the same name for the following matters:

      1. (a) The named applicant, in his grain dealer's license application,
      2. (b) The named principal, if he posts a surety bond, or
      3. (c) The named obligor or guarantor, if he posts either an irrevocable letter of credit or cash guaranty;
   2. (2) Name the Maryland Department of Agriculture as the obligee or as the beneficiary of the surety bond, irrevocable letter of credit or cash guaranty.

Authority: Agriculture Article, §§13-201—13-216, Annotated Code of Maryland

Effective date: October 11, 1982 (9:20 Md. R. 1981)

Regulation .02B amended effective April 20, 1987 (14:8 Md. R. 939); October 19, 1987 (14:21 Md. R. 2223)

Regulation .03 amended effective April 20, 1987 (14:8 Md. R. 939)

Regulation .03C—E adopted effective October 19, 1987 (14:21 Md. R. 2223)

Regulation .04 amended effective April 20, 1987 (14:8 Md. R. 939); October 19, 1987 (14:21 Md. R. 2223)

Regulation .05B amended effective April 20, 1987 (14:8 Md. R. 939)

Regulation .06 amended effective April 20, 1987 (14:8 Md. R. 939)

Regulations .05 and .06 repealed and new Regulations .05 and .06 adopted effective October 19, 1987 (14:21 Md. R. 2223)

Regulation .07 amended effective April 20, 1987 (14:8 Md. R. 939)

Regulation .07D amended effective October 19, 1987 (14:21 Md. R. 2223)

Regulation .08 amended effective April 20, 1987 (14:8 Md. R. 939)

Regulations .09 and .10 repealed and new Regulations .09—.12 adopted effective April 20, 1987 (14:8 Md. R. 939)

Regulation .11A amended effective September 4, 2000 (27:17 Md. R. 1621)

Regulation .12 amended and recodified to Regulations .13 and .14, and new regulation .12 adopted effective September 4, 2000 (27:17 Md. R. 1621)