Ch. 577

LAWS OF MARYLAND

(VIII) A PERSON ENGAGED IN THE LEASING OF MOTOR
VEHICLES UNDER LEASES NOT INTENDED AS SECURITY.

(e) (1) "Vehicle salesman" means, except as provided in
paragraph (2) of this subsection, any individual who:

(i) For a commission or other compensation,
under any form of agreement or arrangement with a dealer, buys,
sells, or exchanges or negotiates or attempts to negotiate a sale
or exchange of an interest in a vehicle of a type required to be
registered under Title 13 of this article; or

(ii) Induces or attempts to induce any other
person to buy or exchange an interest in a vehicle of a type
required to be registered under Title 13 of this article and
receives or expects to receive a commission or other compensation
from either the seller or the buyer of the vehicle.

(2) "Vehicle salesman" does not include:

(i) A person described in subsection (b)(2) of

this section; [or]

(ii) An individual acting as a representative
of a person described in subsection (b)(2) of this section;

(III)  A PERSON WHO:

1.   IS COMPENSATED FOR ARRANGING FOR THE
LEASING OF A VEHICLE FOR A PERIOD EXCEEDING 180 DAYS; AND

2.  AS AN INCIDENTAL STEP IN THE
CONSUMMATION OF THE LEASE, INDUCES OR ARRANGES FOR THE SALE OF A
VEHICLE. FROM A LICENSED DEALER TO ANOTHER PERSON, WHO IN TURN
LEASES THE. VEHICLE TO A LESSEE UNDER A LEASE NOT INTENDED AS A
SECURITY; OR

(IV)  A PERSON ENGAGED IN THE LEASING OF
VEHICLES UNDER LEASES NOT INTENDED AS SECURITY.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall
be construed only prospectively and may not be applied or
interpreted to have effect upon or application to any motor
vehicle leasing contract or business activity involving vehicle
lessors, leasing agents, lease broker services, lease broker
agents, sales broker services, and sales broker agents executed
or conducted prior to the effective date of this Act.

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