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Ch. 407
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Martin O'Malley, Governor
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PARENT COMPANY'S FINANCIAL STATEMENT THAT SHOWS A NET WORTH OR
STOCKHOLDERS' EQUITY OF NOT LESS THAN $50,000,000; AND
(6) A COPY OF EACH WARRANTY THAT THE WARRANTOR
PROPOSES TO USE IN THE STATE.
(C) (1) A WARRANTOR THAT REGISTERS UNDER SUBSECTION (A) OF
THIS SECTION SHALL PAY A REGISTRATION FEE TO THE DIVISION DEPARTMENT
DIVISION AT THE TIME OF REGISTRATION.
(2) ON JANUARY 1 OF EACH YEAR FOLLOWING A WARRANTOR'S
INITIAL REGISTRATION, THE WARRANTOR SHALL PAY A RENEWAL FEE TO THE
DIVISION DEPARTMENT DIVISION.
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(3) THE REGISTRATION FEE AND THE RENEWAL FEE REQUIRED
UNDER THIS SUBSECTION SHALL BE SET BY THE DIVISION DEPARTMENT
DIVISION IN AN AMOUNT NOT EXCEEDING $250 $500 FOR EACH FEE.
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14-4A-05.
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EXCEPT FOR INFORMATION RECEIVED UNDER § 14-4A-04(B)(5)(II) OF
THIS SUBTITLE, ANY INFORMATION RECEIVED BY THE DIVISION DEPARTMENT
DIVISION IN THE COURSE OF ADMINISTERING THIS SUBTITLE SHALL BE MADE
AVAILABLE TO THE PUBLIC, SUBJECT TO THE PROVISIONS OF THE MARYLAND
PUBLIC INFORMATION ACT.
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14-4A-06.
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(A) A WARRANTOR OF A VEHICLE PROTECTION PRODUCT SOLD OR
OFFERED FOR SALE IN THE STATE SHALL KEEP ACCURATE ACCOUNTS, BOOKS,
AND RECORDS THAT RELATE TO ITS VEHICLE PROTECTION PRODUCT
WARRANTIES.
(B) A WARRANTOR'S ACCOUNTS, BOOKS, AND RECORDS SHALL
INCLUDE:
(1) A COPY OF EACH VEHICLE PROTECTION PRODUCT WARRANTY
SOLD OR ISSUED IN THE STATE;
(2) THE NAME AND ADDRESS OF EACH WARRANTY HOLDER; AND
(3) THE DATE, AMOUNT, AND DESCRIPTION OF EACH RECEIPT,
CLAIM, AND EXPENDITURE.
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- 2493 -
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