§ 12-419. Issuance of duplicate payment instruments

MD Fin Inst Code § 12-419 (2019) (N/A)
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(a)    The original buyer of a payment instrument may request a duplicate of the instrument if the request is:

(1)    In writing; and

(2)    If required by the licensee, accompanied by:

(i)    An affidavit that gives the reason for the request and states the facts relating to the loss of or other failure to produce the original payment instrument; and

(ii)    A personal indemnity bond or, if the total amount of the payment instruments for which a duplicate is requested is $150 or more, a lost instrument corporate bond instead of a personal indemnity bond.

(b)    Each licensee shall issue or refuse to issue a duplicate payment instrument within 30 days after a request for the duplicate is made under this section.