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§ 15-311. Contents of contract for sale of vehicle by dealer; extra items on vehicle at time of...

West's Annotated Code of MarylandTransportationEffective: October 1, 2016

West's Annotated Code of Maryland
Transportation
Title 15. Vehicle Laws--Licensing of Businesses and Occupations (Refs & Annos)
Subtitle 3. Dealers (Refs & Annos)
Effective: October 1, 2016
MD Code, Transportation, § 15-311
§ 15-311. Contents of contract for sale of vehicle by dealer; extra items on vehicle at time of delivery
Currentness
Contents of contract for sale of vehicle by dealer
(a) A contract for the sale of a vehicle by a dealer shall contain a clear statement of:
(1) The principal amount charged for the vehicle;
(2) Any interest charged on the principal amount;
(3) Any fee charged under § 13-610 of this article;
(4) Any dealer processing charge, as defined in § 15-311.1 of this subtitle; and
(5) Any other charge made in connection with the sale of the vehicle.
Base price of vehicle, manufacturer’s code or stock number, and description of extra items and charges
(b) In addition to the information required by subsection (a) of this section, a contract for the sale of a new vehicle shall include:
(1) The base price of the vehicle;
(2) The manufacturer's code or stock number for the vehicle; and
(3) A clear and specific description of each extra item and each extra charge not included in the base price of the vehicle ordered by the buyer.
Stop sale compensation
(c) If a licensee issues a stop sale directive applicable to a used vehicle manufactured by the licensee to a dealer that holds a franchise from the licensee and there are no remedies or parts available to fix the motor vehicle, the licensee shall compensate the dealer by:
(1) Providing payment to the dealer at a rate of at least 1% per month or portion of a month of the value of the vehicle; or
(2) Compensating the dealer under a national program that is applicable to all dealers holding a franchise from the licensee for the dealer's costs associated with the stop sale directive.
Extra items ordered by buyer not on vehicle at delivery
(d) When a vehicle arrives for delivery, the dealer shall advise the buyer of any extra items ordered by the buyer that are not on the vehicle.
Extra items on vehicle at delivery not ordered by buyer
(e) When a vehicle arrives for delivery, the dealer shall advise the buyer of any extra items on the vehicle that the buyer did not order.
Cost of extra items
(f) When a vehicle arrives for delivery, the dealer shall advise the buyer of the cost of extra items described under subsections (d) and (e) of this section.

Credits

Added by Acts 1977, c. 14, § 2, eff. July 1, 1977. Amended by Acts 1984, c. 255; Acts 1986, c. 472, § 1; Acts 1993, c. 630; Acts 1993, c. 631, § 2; Acts 2016, c. 720, § 1, eff. Oct. 1, 2016.
Formerly Art. 66 ½, § 5-402.
MD Code, Transportation, § 15-311, MD TRANS § 15-311
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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