HARRY HUGHES, Governor

2671

(2)  A DEALER MAY NOT ISSUE A TEMPORARY
CERTIFICATE OF BOAT NUMBER UNLESS THE TAXES AND OTHER FEES
AS REQUIRED BY THIS SUBTITLE ARE PAID TO THE DEALER AND AN
APPLICATION FOR MARYLAND CERTIFICATE OF BOAT TITLE AND
NUMBER OR A PURCHASER'S APPLICATION FOR TRANSFER OF A
MARYLAND CERTIFICATE OF BOAT TITLE IS COMPLETED AND SIGNED
BY THE PURCHASER OF THE VESSEL.

(3) (I) BEFORE ISSUING A TEMPORARY CERTIFICATE
OF BOAT NUMBER, THE DEALER SHALL COMPLETE THE CERTIFICATE BY
WRITING IN THE INFORMATION REQUIRED BY THE DEPARTMENT.

(II) A TEMPORARY CERTIFICATE OF BOAT
NUMBER IS NOT VALID UNLESS THE DEALER COMPLETES THE
CERTIFICATE AS REQUIRED BY THIS SUBSECTION.

(4)  THE DEALER MAY NOT ISSUE MORE THAN ONE
TEMPORARY CERTIFICATE FOR ANY VESSEL. IF THE TEMPORARY
CERTIFICATE IS LOST, STOLEN, OR DESTROYED, THE OWNER MUST
APPLY TO THE DEPARTMENT FOR A CERTIFICATE OF BOAT NUMBER.

(5)  WITHIN 3 DAYS AFTER A DEALER ISSUES A
TEMPORARY CERTIFICATE OF BOAT NUMBER, THE DEALER SHALL MAIL
A COPY OF THE TEMPORARY CERTIFICATE TO THE DEPARTMENT.

(C)  A TEMPORARY CERTIFICATE OF BOAT NUMBER EXPIRES
WHEN THE FIRST OF EITHER OF THE FOLLOWING OCCURS:

(1)  A CERTIFICATE OF BOAT NUMBER FOR THE VESSEL
IS ISSUED BY THE DEPARTMENT; OR

(2)  60 DAYS EXPIRES FROM THE DATE THE TEMPORARY
CERTIFICATE WAS ISSUED BY THE DEALER.

(D) (1) THERE IS A SPECIAL FUND CALLED THE BOAT DEALER
ASSURANCE FUND. ALL FEES COLLECTED BY THE DEPARTMENT UNDER
THIS SECTION SHALL BE CREDITED TO THE FUND UNTIL THE FUND
ACCUMULATES $25,000.

(2)  THE FUND SHALL BE USED EXCLUSIVELY AS
PROVIDED IN THIS SUBSECTION TO PAY TITLE TAXES AND FEES THAT
BOAT DEALERS HAVE FAILED TO FORWARD TO THE DEPARTMENT.

(3)  A PAYMENT MAY BE MADE UNDER THIS SECTION
ONLY IF:

(I)  A MEMBER OF THE PUBLIC DEMONSTRATES
THAT TITLE TAXES AND APPLICATION FEES WERE PAID TO A DEALER;
AND

(II)  THE DEALER HAS FAILED TO FORWARD THE
TAXES AND FEES TO THE DEPARTMENT AS REQUIRED BY THIS
SUBTITLE.

(E)  IN ADDITION TO ANY OTHER SANCTION UNDER THIS
SUBTITLE, ON FAILURE OF A DEALER TO FORWARD TO THE