2018 Maryland Code
Transportation
Title 15 - Vehicle Laws -- Licensing of Businesses and Occupations
Subtitle 3 - Dealers
§ 15-311. Contents of vehicle sales contracts
(a) In general. -- 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) Contents of new vehicle sales contracts. -- 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) Compensation to dealer because of a stop sale directive. -- 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) Disclosure as to nonconforming vehicle. -- 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) Notice of unordered items. -- 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) Costs of unordered items. -- 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.
