Md. Code, Transp. § 15-311

Current with changes from the 2024 legislative session from Chs. 2 through 1049, effective on or before 6/1/2024
Section 15-311 - Contents of vehicle sales contracts
(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.

Md. Code, TR § 15-311

Amended by 2016 Md. Laws, Ch. 720,Sec. 1, eff. 10/1/2016.