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Session Laws, 1993
Volume 772, Page 3087   View pdf image
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WILLIAM DONALD SCHAEFER, Governor                         Ch. 631

Article - Transportation

15-102.

(b) In addition to any other information required by this title, each application for
a license under this title shall include:

(1)     The name and address of the applicant;

(2)     The address of the fixed location from which the licensed activity of the
applicant will be conducted; [and]

(3)     A STATEMENT OF THE MAXIMUM AMOUNT CHARGED AS A DEALER
PROCESSING FEE CHARGE UNDER § 15-311.1 OF THIS TITLE; AND

(4)      Any other information that the Administration requires.

15-311.

(a) A contract for the sale of a vehicle by a dealer shall contain a clear statement
of:

(1)     The principal amount charged for the vehicle;

(2)     Any interest charged on the principal amount; [and]

(3)     ANY DEALER PROCESSING FEE CHARGE, AS DEFINED IN § 15-311.1 OF
THIS SUBTITLE; AND

(4)      Any other charge made in connection with the sale of the vehicle.
15-311.1.

(A)     (1) IN THIS SECTION, "DEALER PROCESSING FEE CHARGE" INCLUDES
AN AMOUNT CHARGED BY A DEALER FOR:

(I)      THE PREPARATION OF WRITTEN DOCUMENTATION OF THE
TRANSACTION;

(II)     OBTAINING THE TITLE AND LICENSE PLATES FOR THE
VEHICLE;

(III)   OBTAINING A RELEASE OF LIEN;

(IV)   FILING TITLE DOCUMENTS WITH THE ADMINISTRATION; OR

(V)     OTHER ADMINISTRATIVE SERVICES CONCERNING THE SALE
OF THE VEHICLE.

(2) "DEALER PROCESSING FEE CHARGE" DOES NOT INCLUDE A
CHARGE TO PURCHASE OR INSTALL TANGIBLE PERSONAL PROPERTY ON OR IN THE
VEHICLE, OR TO PERFORM MECHANICAL SERVICE ON THE VEHICLE.

(B)     IF A DEALER CHARGES A DEALER PROCESSING CHARGE, THE CHARGE
MAY NOT EXCEED $25.

- 3087 -

 

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Session Laws, 1993
Volume 772, Page 3087   View pdf image
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