HARRY HUGHES, Governor                                     3847

reasonably convenient location, the vehicles to be sold by the
business.

(b) (1) As to trailers, semitrailers, or motorcycles, the
sale of these vehicles need not be the only or principal business
conducted from the fixed location, but shall be subject to any
reasonable location requirements determined by the Administration
by rule or regulation.

(2) A WHOLESALE DEALER MAY BE LICENSED UNDER THIS
SUBTITLE REGARDLESS OF WHETHER THE WHOLESALE DEALER MEETS THE
REQUIREMENTS OF PARAGRAPHS (A)(1) AND (3) OF THIS SECTION, BUT A
WHOLESALE DEALER SHALL BE SUBJECT TO ANY REASONABLE LOCATION
REQUIREMENTS - DETERMINED BY THE ADMINISTRATION BY RULE OR
REGULATION.

15-305.1.

(A)  A WHOLESALE DEALER WHO IS LICENSED BY THE
ADMINISTRATION UNDER THIS SUBTITLE:

(1)  MAY BUY A VEHICLE, FROM, SELL A VEHICLE TO, OR
EXCHANGE VEHICLES ONLY WITH ANOTHER DEALER OR AUTO AUCTION; AND

(2)  MAY NOT BUY A VEHICLE FROM, SELL A VEHICLE TO, OR
EXCHANGE VEHICLES WITH A RETAIL BUYER; AND

(3)  MAY NOT BUY, SELL, OR EXCHANGE NEW VEHICLES.

(B)  A WHOLESALE DEALER SHALL KEEP A RECORD OF THE
FOLLOWING:

(1)  THE YEAR, MAKE, MODEL, AND IDENTIFICATION NUMBER
OF A VEHICLE THAT IS BOUGHT, SOLD, OR EXCHANGES;

(2)  THE DATE THAT A VEHICLE IS BOUGHT, SOLD, OR
EXCHANGED;

(3)  THE AMOUNT FOR WHICH A VEHICLE IS BOUGHT OR SOLD;

(4)  THE NAME, ADDRESS, AND LICENSE NUMBER OF THE
OTHER DEALER WITH WHOM THE WHOLESALE DEALER CONDUCTS A PURCHASE,
SALE, OR EXCHANGE;

(5) THE ODOMETER MILEAGE STATEMENT FOR A VEHICLE THAT
IS REQUIRED UNDER THE FEDERAL MOTOR VEHICLE INFORMATION AND COST
ACT; AND

(6) EACH INVOICE, BILL OF SALE, AND OTHER PERTINENT
DOCUMENT AND RECORD IN THE FORM REQUIRED BY THE ADMINISTRATION.

15-310.

Each license shall state: