2013 Maryland Code
COMMERCIAL LAW
§ 14-4A-04 - Registration

(a) In general. -- A warrantor of a vehicle protection product that is sold or offered for sale in the State shall register with the Division on the form that the Division provides.

(b) Contents of form. -- The registration form shall include:

(1) The name, address, and telephone number of the warrantor, including any name under which the warrantor does business;

(2) The name, address, and telephone number of the warrantor's administrator, if any;

(3) The name and address of the warrantor's registered agent, if any;

(4) The name of at least one officer of the warrantor who is directly responsible for the warrantor's vehicle protection product business;

(5) (i) If the warrantor elects to carry warranty reimbursement insurance in accordance with § 14-4A-07(a)(1) of this subtitle, a copy of the warrantor's warranty reimbursement insurance policy; or

(ii) If the warrantor elects to meet its financial obligations in accordance with § 14-4A-07(a)(2) of this subtitle, one of the following:

1. A copy of the most recent form 10-K or form 20-F filed by the warrantor or the warrantor's parent company with the United States Securities and Exchange Commission; or

2. If the warrantor or the warrantor's parent company does not file with the United States Securities and Exchange Commission, a copy of the warrantor's or the warrantor's 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) Fee. --

(1) A warrantor that registers under subsection (a) of this section shall pay a registration fee to the 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.

(3) The registration fee and the renewal fee required under this subsection shall be set by the Division in an amount not exceeding $ 500 for each fee.