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§ 15-113. Recordkeeping requirements for auctioneers

West's Annotated Code of MarylandTransportation

West's Annotated Code of Maryland
Transportation
Title 15. Vehicle Laws--Licensing of Businesses and Occupations (Refs & Annos)
Subtitle 1. Definitions; General Provisions (Refs & Annos)
MD Code, Transportation, § 15-113
§ 15-113. Recordkeeping requirements for auctioneers
Currentness
Records required
(a) Each person who conducts auctions as a business in this State of motor vehicles of a type required to be registered under this article shall keep a record of:
(1) The name and address of the consignor;
(2) The date on which it was consigned;
(3) The year, make, model, and serial number of each vehicle consigned;
(4) The title number and state where the vehicle was last registered;
(5) The odometer mileage reading at the time of consignment;
(6) The name and address of the person to whom the vehicle was sold;
(7) The selling price; and
(8) The date of sale.
Records open to inspection
(b) During business hours, the records shall be open to inspection by the Administration, by the Department of State Police, or by a law enforcement officer with a county or municipal police department or sheriff's office who is assigned to an antitheft unit.
Retention requirements
(c) The records required by this section shall be kept for at least 3 years after the transaction to which it applies.
Fines and penalties
(d) A person who fails to comply with any requirement under subsections (a) through (c) of this section is subject to a civil penalty not exceeding:
(1) For a first offense, $500; or
(2) For a second or subsequent offense, $1,000.

Credits

Added by Acts 1978, c. 589. Amended by Acts 2000, c. 505, § 1, eff. Oct. 1, 2000; Acts 2003, c. 105, § 1, eff. Oct. 1, 2003.
MD Code, Transportation, § 15-113, MD TRANS § 15-113
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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