BLAIR LEE III, Acting Governor                           2067

vehicles held by him for sale.

(b)    If a licensed dealer holds a vehicle for sale and
transfers the vehicle to another licensed dealer who holds
the vehicle for sale, the transferring dealer, without
applying for a new certificate of title, shall:

(1)    Execute an assignment of title to the
transferee dealer in the manner and on the form that the
Administration requires; and

(2)    Include in the assignment a statement
certifying each security interest, lien, or other
encumbrance on the vehicle.

(c)    (1) If a licensed dealer holds a vehicle for
sale and    transfers the vehicle to someone other than another
licensed      dealer who holds the vehicle for sale, the dealer
shall:

(i) Execute an assignment and warranty of
title to the transferee in the manner and on the form that
the Administration requires; and

(ii) Comply with the provisions specified
in this subsection.

(2)    If the vehicle is a Class A (passenger)
vehicle. Class D (motorcycle) vehicle, or Class G (trailer)
travel trailer or camping trailer and is to be registered
and titled in this State, the transferring dealer shall:

(i) Obtain from the transferee a
completed application and the required fee for a certificate
of title; and

(ii) Within [10] 15 days of the date of
delivery of the vehicle, send then, together with every
other document required by § 13—104 of this subtitle, to the
Administration.

(3)    If the vehicle is to be registered and
titled in this State, but is not a Class A (passenger)
vehicle. Class D (motorcycle) vehicle, or Class G (trailer)
travel trailer or camping trailer, the transferring dealer
shall, within [10] 15 days of the delivery of the vehicle,
either:

(i) Deliver the certificate of title to
the transferee; or

(ii) On request of the transferee, send
the transferee's completed application and the required fee
for a certificate of title, together with every other
document required by § 13—104 of this subtitle, to the
Administration.

(4)    If the vehicle is not to be titled in this