WILLIAM DONALD SCHAEFER, Governor

H.B. 736

House Bill No. 736

AN ACT concerning

Vehicle Laws - Wholesale Dealers - Purchases From Retail Sellers

FOR the purpose of permitting a wholesale dealer licensed by the Motor Vehicle
Administration to purchase vehicles from a retail seller; requiring a wholesale
dealer's license to state that the dealer may purchase vehicles from a retail seller;
making certain clarifying changes; and generally relating to retail vehicle purchases
by wholesale dealers.

BY repealing and reenacting, with amendments,
Article - Transportation
Section 15-305.1 and 15-310
Annotated Code of Maryland
(1992 Replacement Volume and 1993 Supplement)

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

Article - Transportation

15-305.1.

(a)     A wholesale dealer who is licensed by the Administration under this subtitle:

(1)     May buy a vehicle from [,] ANOTHER DEALER, AT AN AUTO AUCTION,
OR FROM A RETAIL SELLER;

(2)      MAY sell a vehicle to[,] or exchange vehicles only with another dealer
or auto auction;

(3)     EXCEPT AS PROVIDED IN PARAGRAPH (4) OF THIS SUBSECTION, MAY
SELL A VEHICLE OR EXCHANGE VEHICLES AT AN AUTO AUCTION;

[(2)](3) (4) May not [buy a vehicle from,] sell a vehicle to[,] or
exchange vehicles with a retail buyer; and

[(3)](4) (5) May not buy, sell, or exchange new vehicles.

(b)     A wholesale dealer shall keep a record of the following:

(1)     The year, make, model, and identification number of a vehicle that is
bought, sold, or exchanged;

(2)     The date that a vehicle is bought, sold, or exchanged;

(3)     The amount for which a vehicle is bought or sold;

(4)     The name, address, and license number of the other [dealer] PERSON
with whom the wholesale dealer conducts a purchase, sale, or exchange;

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