2668                                               LAWS OF MARYLAND                         [Ch. 789

another registered dealer who holds the vehicle for sale,
the transferring dealer shall execute and acknowledge an
assignment and warranty of title in the manner and upon
the form prescribed by the [Department,] ADMINISTRATION
and in addition shall comply with the following:

(1)   If the vehicle is a Class A vehicle, CLASS D
MOTORCYCLE OR CLASS G TRAVEL OR CAMPING TRAILER which is
to be registered and titled in this State, the
transferring dealer shall obtain from the transferee the
written application for a certificate of title and the
prescribed fee therefor, and forward the same, together
with all other documents required by § 3—104, to the
[Department] ADMINISTRATION within 10 days from the date
of delivery of the vehicle;

(2)   If the vehicle is to be registered and titled
in this state, and is not a Class A vehicle, the
transferring dealer, within 10 days from the date of
delivery of the vehicle, shall either (i) deliver the
certificate of title to the transferee, or (ii) upon
request of the transferee, forward to the [Department]
ADMINISTRATION the transferee's written application for a
certificate of title, the prescribed fees therefor, and
all other documents required by § 3—104.

(3)    If the vehicle is not to be titled in this
State and is to be registered in another state, the
transferring dealer, within 10 days from the date of
delivery of the vehicle, shall deliver the certificate of
title to the transferee.

3-832.

(a) If the excise tax imposed by § 3-831 is
collected by any dealer for the [Department]
ADMINISTRATION for any Class A motor vehicle, CLASS D
MOTORCYCLE OR CLASS G TRAVEL OR CAMPING TRAILER the
dealer is entitled to apply and credit against the amount
of the tax collected for the [Department,]
ADMINISTRATION, an amount equal to 2% of the gross tax
collected by him for the [Department,] ADMINISTRATION, to
cover his expense in the collection and remittance of the
tax.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act.
shall take effect July 1, 1974.

Approved May 31, 1974.