WILLIAM DONALD SCHAEFER, Governor                   Ch. 496

which a temporary registration or permit for a vehicle is
valid.

BY repealing and reenacting, with amendments,

Article - Transportation

Section 13-113, 13-503(b), and 13-605

Annotated Code of Maryland

(1984 Replacement Volume and 1986 Supplement)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:

Article - Transportation

13-113.

(a)  If the transferee of a vehicle is a licensed dealer who
holds the vehicle for sale, the dealer shall within [15] 20 days
of the date of the transfer to the dealer of the vehicle, obtain
the certificate of title of the vehicle, which shall contain an
assignment and warranty of title executed by the former owner.

(b)  If the transferee of a vehicle is a licensed dealer who
holds the vehicle for sale, the dealer shall retain the
certificate of title in his possession until the further sale or
transfer of ownership of the vehicle.

(c)  During business hours, the licensed dealer shall allow
any representative of the Administration and any police officer
full access to all certificates of title of vehicles held by him
for sale.

(d)  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.

(e)  (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:

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