Ch. 196                                    1995 LAWS OF MARYLAND

funds expended prior to the effective date of this Act. In case of any dispute as to the
amount of the matching fund or what money or assets may qualify as matching funds, the
Board of Public Works shall determine the matter and the Board's decision is final. The
grantee has until June 1, 1997, to present evidence satisfactory to the Board of Public
Works that a matching fund will be provided. If satisfactory evidence is presented, the
Board shall certify this fact and the amount of the matching fund to the State Treasurer,
and the proceeds of the loan equal to the amount of the matching fund shall be expended
for the purposes provided in this Act. Any amount of the loan in excess of the amount of
the matching fund certified by the Board of Public Works shall be canceled and be of no
further effect.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect
June 1, 1995.

Approved May 9, 1995.

CHAPTER 196
(Senate Bill 656)

AN ACT concerning

Credit Regulation - Mechanical Repair Contracts -Financing

FOR the purpose of authorizing certain persons to finance a mechanical repair contract
sold in connection with a motor vehicle whether or not the motor vehicle is covered
by an original manufacturer's warranty; providing that a credit grantor and a seller
may not require a borrower, as a condition of receiving a certain loan, to enter a
mechanical repair contract; clarifying language; and generally relating to the
financing of mechanical repair contracts sold in connection with motor vehicles.

BY repealing and reenacting, with amendments,
Article - Commercial Law
Section 12-609(b) and 12-1012(a)
Annotated Code of Maryland
(1990 Replacement Volume and 1994 Supplement)

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

Article - Commercial Law

12-609.

(b) (1) A service or other charge not specifically provided for in this section may
not be included in a retail installment sale of a motor vehicle.

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