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§ 15-305.1. Authorized activities for licensed wholesale dealers; recordkeeping requirements

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 3. Dealers (Refs & Annos)
MD Code, Transportation, § 15-305.1
§ 15-305.1. Authorized activities for licensed wholesale dealers; recordkeeping requirements
In general
(a) A wholesale dealer who is licensed by the Administration under this subtitle:
(1) May buy a vehicle from another dealer, at an auto auction, or from a retail seller;
(2) May sell a vehicle to or exchange vehicles with another dealer;
(3) Except as provided in item (4) of this subsection, may sell a vehicle or exchange vehicles at an auto auction;
(4) May not sell a vehicle to or exchange vehicles with a retail buyer; and
(5) May not buy, sell, or exchange new vehicles.
Recordkeeping requirements
(b) A wholesale dealer shall keep a record of the following:
(1) The year, make, model, and identification number of a vehicle that is bought, sold, or exchanged;
(2) The date that a vehicle is bought, sold, or exchanged;
(3) The amount for which a vehicle is bought or sold;
(4) The name, address, and license number of the other person with whom the wholesale dealer conducts a purchase, sale, or exchange;
(5) The odometer mileage statement for a vehicle that is required under the federal Motor Vehicle Information and Cost Act; and
(6) Each invoice, bill of sale, and other pertinent document and record in the form required by the Administration.

Credits

Added by Acts 1985, c. 639. Amended by Acts 1986, c. 4; Acts 1994, c. 503, § 1, eff. Oct. 1, 1994.
MD Code, Transportation, § 15-305.1, MD TRANS § 15-305.1
Current with all legislation from the 2023 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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