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Ch. 472
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2002 LAWS OF MARYLAND
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certain persons need not comply with the Insurance Article under certain
circumstances; altering certain definitions; adding certain definitions; making
certain stylistic changes; and generally relating to the Maryland Service
Contracts and Consumer Products Guaranty Act.
BY repealing and reenacting, with amendments,
Article - Commercial Law
Section 14-401 and 14-403 through 14-409, inclusive, to be under the amended
subtitle "Subtitle 4. Maryland Service Contracts and Consumer Products
Guaranty Act"
Annotated Code of Maryland
(2000 Replacement Volume and 2001 Supplement)
BY repealing and reenacting, without amendments,
Article - Commercial Law
Section 14-402
Annotated Code of Maryland
(2000 Replacement Volume and 2001 Supplement)
BY adding to
Article - Commercial Law
Section 14-409
Annotated Code of Maryland
(2000 Replacement Volume and 2001 Supplement)
SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:
Article - Commercial Law
Subtitle 4. MARYLAND SERVICE CONTRACTS AND Consumer Products Guaranty Act.
14-401.
(a) In this subtitle the following words have the meanings indicated.
(b) "Consumer product" means goods or services used for personal, family, or
household purposes, the actual cash sales price of which to the person guaranteed was
in excess of $10.
(c) "Guarantor" means a person who is engaged in the business of making
consumer products available to consumers and who makes a guaranty.
(d) (1) "Guaranty" means any of the following which is made at the time of
the sale of a consumer product by a guarantor to a person guaranteed and which is
part of the basis of the bargain between them:
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- 3770 -
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