WILLIAM DONALD SCHAEFER, Governor                            Ch. 547

(VI) MUSICAL INSTRUMENTS;

(VII) OFFICE MACHINES OR EQUIPMENT;

(VIII) RADIOS, TELEVISIONS, VIDEO DISC MACHINES, VIDEO
CASSETTE RECORDERS, AND STEREO EQUIPMENT;

(IX) PERSONAL COMPUTERS, TAPES, AND DISC RECORDERS;

(X)     WATCHES;

(XI)    BICYCLES; AND

(XII) TANGIBLE PERSONAL PROPERTY PLEDGED AS COLLATERAL.

(2) "SECONDHAND PERSONAL PROPERTY" DOES NOT INCLUDE
FURNITURE AND SIMILAR FURNISHINGS IN RELATION TO OFFICE MACHINES AND
EQUIPMENT.

(J) "SECONDHAND PERSONAL PROPERTY DEALER" MEANS A PERSON WHO
ENGAGES REGULARLY IN THE BUSINESS OF ACQUIRING SECONDHAND PERSONAL
PROPERTY FOR THE PURPOSE OF RESALE IN EXCHANGE FOR MONEY, TRADE,
BARTER, OR OTHER VALUABLE CONSIDERATION.

12-102.

(a)     This title does not apply to a transaction that involves:

(1) merchandise acquired from an established manufacturer or dealer who
holds a license under this title, other than a pawnbroker, if the dealer who acquires the
merchandise keeps an invoice or other customary proof of origin for the merchandise;

(2) a metal acquired for use in dentistry by a dentist licensed to practice
dentistry under Title 4 of the Health Occupations Article; or

(3) coins or numismatic items.

(b)     If a retail jeweler has a fixed business address in the State, this title does not
apply to a transaction in which the retail jeweler:

(1) accepts, in accordance with a posted return policy, the return of an item
that the jeweler originally sold;

(2) accepts, in accordance with a published trade in policy, merchandise in
trade that the jeweler originally sold;

(3) repossesses merchandise that the jeweler originally sold, if the original
buyer has defaulted; or

(4) retains merchandise that the jeweler originally accepted for repair as a
bailee for hire, if the customer who deposited the merchandise:

(i) defaulted; or

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