2242

LAWS OF MARYLAND

Ch. 642

(j) "Goods" means all tangible personal property

[which have a cash price of $12,500 or less,] but does not
include money or things in action.

12-609.

(a) The finance charge imposed on the sale of a motor
vehicle may not exceed the following rates:

(1) Class 1: A new motor vehicle $9 per $100

per year on the principal balance;

(2) Class 2: A used motor vehicle designated by
the manufacturer by a model year not more than two years

before the year in which the sale is made $12 per $100

per year on the principal balance; [and]

(3) Class 3: A used motor vehicle designated by
the manufacturer by a model year more than two years before

the year in which the sale is made $15 per $100 per year

on the principal balance[.]; AND

(4) CLASS 4: ANY NEW TRUCK OR TRUCK TRACTOR THAT
HAS A GROSS VEHICULAR WEIGHT OF 15,000 POUNDS OR MORE AND

ANY NEW SEMITRAILER OR TRAILER $10 PER $100 PER YEAR ON

THE PRINCIPAL BALANCE.

12-609.

(E) A FINANCE CHARGE IN EXCESS OF THE RATES PROVIDED
IN THIS SECTION MAY BE IMPOSED ON THE SALE OF NEW TRUCKS,
NEW TRUCK TRACTORS, NEW TRAILERS, OR NEW SEMITRAILERS
PURCHASED FOR INDUSTRIAL, COMMERCIAL, OR AGRICULTURAL
PURPOSES.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act
shall take effect July 1, 1980.

Approved May 20, 1980.

CHAPTER 643

(House Bill 1446)

AN ACT concerning

Dental Review Committees - Immunity from Liability

FOR the purpose of defining dental review committee;
establishing the functions of dental review committee;
providing for confidentiality of proceedings, records,
and files of dental review committees; providing for