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Session Laws, 1988
Volume 770, Page 985   View pdf image
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WILLIAM DONALD SCHAEFER, Governor                        Ch. 6

notice of the complaint and the time and place of any hearing.

DRAFTER'S NOTE:

Error: Punctuation omitted in § 14-1911(e)(1) of the
Commercial Law Article.

Occurred: Ch. 469, Acts of 1987.

14-1915.

(a)  Except as provided in subsection (b) of this section,
any person who violates any provision of this [title] SUBTITLE is
guilty of a misdemeanor and, on conviction, is subject to a fine
not exceeding $5,000, in addition to any civil penalties.

DRAFTER'S NOTE:

Error: Erroneous internal reference in § 14-1915(a)
of the Commercial Law Article.

Occurred: Ch. 469, Acts of 1987.

14-2001.

(b)  "Dealer" means a dealer as defined in [§ 15-101(c)] §
15-101(B) of the Transportation Article.

DRAFTER'S NOTE:

Error: Erroneous cross-reference in § 14-2001(b) of
the Commercial Law Article.

Occurred: Ch. 577, Acts of 1987.

(c)  (1) "Lease" or "leasing" means a transaction through
which:

(iii) The lessee is provided the option to
purchase the leased vehicle for:

1.  In the case of a new vehicle,
consideration of:

A.  In excess of 20 percent of the "value
at consummation" of the vehicle as that term is defined in [12.
C.F.R. § 213.2(a)(18)] 12 C.F.R. § 213.2(A)(18); or

B.  If the value at consummation is not
stated in the lease, in excess of 20 percent of the Monrone
sticker price for the vehicle; or

2.  In the case of a used vehicle,

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Session Laws, 1988
Volume 770, Page 985   View pdf image
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