LegalFix
Sign In

§ 15-305.1. Wholesale dealers

MD Transp Code § 15-305.1 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

(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.

(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.

Previous Section
§ 15-305. Special requirements for license to deal in new vehicles
Next Section
§ 15-306. Application of license