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Martin O'Malley, Governor
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S.B. 502
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(III) THE DIFFERENCE BETWEEN THE VALUE OF A STOLEN
VEHICLE AT THE TIME OF THEFT AND THE COST OF A REPLACEMENT VEHICLE;
(IV) SALES TAXES;
(V) REGISTRATION FEES;
(VI) TRANSACTION FEES; AND
(VII) MECHANICAL INSPECTION FEES.
(E) (1) "VEHICLE PROTECTION PRODUCT" MEANS A VEHICLE
PROTECTION DEVICE, SYSTEM, OR SERVICE THAT:
(I) IS SOLD WITH A WRITTEN WARRANTY;
(II) IS INSTALLED ON OR APPLIED TO A VEHICLE; AND
(III) IS DESIGNED TO PREVENT LOSS OR DAMAGE TO A
VEHICLE FROM A SPECIFIC CAUSE.
(2) "VEHICLE PROTECTION PRODUCT" INCLUDES:
(I) AN ALARM SYSTEM;
(II) A BODY PART MARKING PRODUCT;
(III) A STEERING LOCK;
(IV) A WINDOW ETCH PRODUCT;
(V) A PEDAL OR IGNITION LOCK;
(VI) A FUEL OR IGNITION KILL SWITCH; AND
(VII) AN ELECTRONIC, RADIO, OR SATELLITE TRACKING
DEVICE.
(F) "VEHICLE PROTECTION PRODUCT WARRANTY" MEANS A WRITTEN
AGREEMENT BY A WARRANTOR THAT PROVIDES THAT IF A VEHICLE
PROTECTION PRODUCT FAILS TO PREVENT LOSS OR DAMAGE TO A VEHICLE
FROM A SPECIFIC CAUSE, THE WARRANTOR SHALL PAY TO, OR ON BEHALF OF,
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- 4281 -
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