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Session Laws, 1970
Volume 695, Page 1293   View pdf image
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Marvin Mandel, Governor                        1293

extended prior to the date of expiration of the bond shall be auto-
matically suspended, and the Department shall immediately notify
such licence and the dealer of the suspension;

61.

(d) (4) The following acts are prohibited:

(i) Wilful failure to perform, without justification, any valid
vehicle sales contract; or material deviation from or disregard of
the original terms without the consent of the purchaser;

(ii) Failure of a salesman to account for and to remit to the
dealership, any payment received in connection with a vehicle sales
contract;

(iii) Making any material misrepresentation in the procurement
of a vehicle sales contract; or

(iv) Any fraud in the execution or material alteration of any
contract, power of attorney or other document incident to a sales
transaction;

(v) Preparing or accepting any promissory note, or other evidence
of indebtedness upon the obligations of a vehicle sales transaction
with knowledge that it recites a greater monetary obligation than the
consideration originally agreed upon in writing by the buyer and
seller;

(vi) Directly or indirectly publishing any advertisement relating
to vehicle sales which contains an insertion, representation or state-
ment of fact which is false, deceptive, or misleading; provided that
any advertisement which is subject to and complies with the then
existing rules, regulations or guides of the Federal Trade Commission
shall not be deemed false, deceptive or misleading; or by any means
advertising or purporting to offer the general public any vehicle
with the intent not to accept contracts for that particular vehicle
or at the price which is advertised or offered to the public;

(vii) Wilful or deliberate disregard and violation of the dealer
license laws of this State;

(viii) Doing any vehicle sales business with or through any person
who is subject to the licensing requirements of this subtitle with the
knowledge that subject person is not licensed as required;

(ix) Misrepresentation of a material fact by an applicant in ob-
taining a license;

(x) Wilful failure to notify the Department of any change of con-
trol in ownership, management or business name or location, or of
appointment of salesmen as required by this subtitle;

(xi) Conducting a vehicle dealership in any name other than the
one which the dealer or salesman is licensed;

(xii) Advertising in any manner whatsoever that the dealer or
salesman is licensed under this subtitle;

(xiii) Wilful failure to comply with any lawful order, demand or
rule or regulation made by the Department under and within the
authority of this subtitle;

 

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Session Laws, 1970
Volume 695, Page 1293   View pdf image
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