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Session Laws, 1954
Volume 604, Page 258   View pdf image (33K)
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258 LAWS OF MARYLAND [CH. 80

CHAPTER 80
(House Bill 74)

AN ACT to add a new section to Article 83 of the Anno-
tated Code of Maryland (1951 Edition), title "Sales and
Notices", said new section to be known as Section 119A,
to follow immediately after Section 119 thereof and to
be under the sub-title "Retail Instalment Sales",

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FIXING THE MAXIMUM RATES WHICH
MAY BE CHARGED IN RETAIL INSTALMENT
SALES OF MOTOR VEHICLES, AND LIMITING THE
INSURANCE COVERAGE WHICH MAY BE IN-
CLUDED UNDER SUCH CONTRACTS AND ALSO
PROVIDING PENALTIES FOR OVERCHARGES.

SECTION 1. Be it enacted by the General Assembly of
Maryland, That a new section be and it is hereby added to
Article 83 of the Annotated Code of Maryland (1951 Edi-
tion), title "Sales and Notices", said new section to be
known as Section 119A, to follow immediately after Sec-
tion 119 thereof, to be under the sub-title "Retail Instal-
ment Sales", and to read as follows:

119A. (Motor Vehicles.) (a) The time balance in an in-
stalment sale agreement for a motor vehicle may include
a finance charge and a service charge,- CHARGES FOR
INSURANCE PREMIUMS, subject to the provisions of
this section.


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EXPLANATION : Italics indicate new matter added to existing law.
[Brackets] indicate matter stricken from existing law.
CAPITALS indicate amendments to bill.
Strike out indicates matter stricken out of bill.




 

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Session Laws, 1954
Volume 604, Page 258   View pdf image (33K)
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