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2007 Laws of Maryland
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Ch. 407
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Act is not required to comply with certain provisions of law; requiring a
warrantor of a vehicle protection product that is sold or offered for sale in the
State to register with the Division of Consumer Protection of the Office of the
Attorney General Department of Labor, Licensing, and Regulation Division of
Consumer Protection of the Office of the Attorney General; requiring a
registration form to include certain information; requiring a warrantor that
registers with the Division Department Division to pay a certain registration fee
and renewal fee; providing that certain information shall be made available to
the public under certain circumstances; requiring a certain warrantor to
maintain certain accounts, books, and records for a certain period of time and to
make the accounts, books, and records available for inspection by the Division
Department Division; requiring a certain warrantor to be insured under a
certain warranty reimbursement insurance policy or to maintain a certain
amount of net worth or stockholders' equity; requiring a warranty
reimbursement insurance policy to contain certain provisions; specifying certain
contents of a vehicle protection product warranty; authorizing a vehicle
protection product warranty to provide for the reimbursement of certain
incidental costs; requiring a seller or warrantor of a vehicle protection product
to provide a written copy of a vehicle protection product warranty to a
purchaser at a certain time; providing that a certain warrantor may negotiate
the purchase price of a vehicle protection product warranty; prohibiting a
vehicle protection product warrantor from using certain terms in its name,
contracts, or literature; authorizing a vehicle protection product warrantor to
use a certain term in its name; prohibiting a vehicle protection product seller or
warrantor from requiring, as a condition of the sale or financing of a vehicle,
that the purchaser of the vehicle buy a vehicle protection product; providing for
the resolution of disputes between a vehicle protection product warrantor and a
warranty holder; providing that a violation of this Act is an unfair or deceptive
trade practice under the Maryland Consumer Protection Act and is subject to
certain enforcement and penalty provisions; establishing a certain short title;
defining certain terms; providing for the application of this Act; prohibiting this
Act from being interpreted in a certain manner; providing for a delayed effective
date; and generally relating to the Vehicle Protection Products Act.
BY adding to
Article — Commercial Law
Section 14-4A-01 through 14-4A-14 to be under the new subtitle "Subtitle 4A.
Vehicle Protection Products Act"
Annotated Code of Maryland
(2005 Replacement Volume and 2006 Supplement)
SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:
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Article - Commercial Law
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- 2488 -
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