Maryland Statutes
§ 17-402
Maryland § 17-402
This text of Maryland § 17-402 is published on Counsel Stack Legal Research, covering Maryland primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Md. Code Ann., Business Occupations and Professions § 17-402 (2026).
Text
(a)The Commission shall:
(1)establish a Real Estate Guaranty Fund; and
(2)maintain the Guaranty Fund at a level of at least $250,000.
(b)(1) The Commission shall deposit all money collected to the credit of the Guaranty Fund with the State Treasurer for placement into a special account.
(2)(i) The State Treasurer may invest or reinvest money in the Guaranty Fund in the same manner as money in the State Retirement and Pension System.
(ii)The investment earnings shall be:
1. credited to the Guaranty Fund; and
2. available for the same purposes as the money deposited into the Guaranty Fund.
(c)The Commission may adopt regulations for the administration of a Guaranty Fund
Free access — add to your briefcase to read the full text and ask questions with AI
Nearby Sections
15
Cite This Page — Counsel Stack
Bluebook (online)
Maryland § 17-402, Counsel Stack Legal Research, https://law.counselstack.com/statute/md/gbo/17-402.