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§ 15-311. Contents of vehicle sales contracts

MD Transp Code § 15-311 (2019) (N/A)
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(a)    A contract for the sale of a vehicle by a dealer shall contain a clear statement of:

(1)    The principal amount charged for the vehicle;

(2)    Any interest charged on the principal amount;

(3)    Any fee charged under § 13–610 of this article;

(4)    Any dealer processing charge, as defined in § 15–311.1 of this subtitle; and

(5)    Any other charge made in connection with the sale of the vehicle.

(b)    In addition to the information required by subsection (a) of this section, a contract for the sale of a new vehicle shall include:

(1)    The base price of the vehicle;

(2)    The manufacturer’s code or stock number for the vehicle; and

(3)    A clear and specific description of each extra item and each extra charge not included in the base price of the vehicle ordered by the buyer.

(c)    If a licensee issues a stop sale directive applicable to a used vehicle manufactured by the licensee to a dealer that holds a franchise from the licensee and there are no remedies or parts available to fix the motor vehicle, the licensee shall compensate the dealer by:

(1)    Providing payment to the dealer at a rate of at least 1% per month or portion of a month of the value of the vehicle; or

(2)    Compensating the dealer under a national program that is applicable to all dealers holding a franchise from the licensee for the dealer’s costs associated with the stop sale directive.

(d)    When a vehicle arrives for delivery, the dealer shall advise the buyer of any extra items ordered by the buyer that are not on the vehicle.

(e)    When a vehicle arrives for delivery, the dealer shall advise the buyer of any extra items on the vehicle that the buyer did not order.

(f)    When a vehicle arrives for delivery, the dealer shall advise the buyer of the cost of extra items described under subsections (d) and (e) of this section.

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§ 15-311. Contents of vehicle sales contracts