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§ 14-4A-06. Record-keeping requirements

West's Annotated Code of MarylandCommercial LawEffective: January 1, 2008

West's Annotated Code of Maryland
Commercial Law
Title 14. Miscellaneous Consumer Protection Provisions
Subtitle 4a. Vehicle Protection Products Act (Refs & Annos)
Effective: January 1, 2008
MD Code, Commercial Law, § 14-4A-06
§ 14-4A-06. Record-keeping requirements
Currentness
(a) A warrantor of a vehicle protection product sold or offered for sale in the State shall keep accurate accounts, books, and records that relate to its vehicle protection product warranties.
(b) A warrantor's accounts, books, and records shall include:
(1) A copy of each vehicle protection product warranty sold or issued in the State;
(2) The name and address of each warranty holder; and
(3) The date, amount, and description of each receipt, claim, and expenditure.
(c) A warrantor shall keep accounts, books, and records relating to a vehicle protection product warranty and a warranty holder for at least 2 years following the expiration of the vehicle protection product warranty.
(d) A warrantor that discontinues business in the State shall maintain its accounts, books, and records until it can prove to the Division that it has discharged all of its obligations to any warranty holder in the State.
(e) On request, a warrantor shall make all of its accounts, books, and records available for inspection by the Division.

Credits

Added by Acts 2007, c. 407, § 1, eff. Jan. 1, 2008.
MD Code, Commercial Law, § 14-4A-06, MD COML § 14-4A-06
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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