§ 12-102
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/md/business-regulation/12-102A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§12–102.
(a)This title does not apply to a transaction that involves:
(1)merchandise acquired from an established manufacturer or dealer who holds a license under this title, other than a pawnbroker, if the dealer who acquires the merchandise keeps an invoice or other customary proof of origin for the merchandise;
(2)a metal acquired for use in dentistry by a dentist licensed to practice dentistry under Title 4 of the Health Occupations Article;
(3)coins; or
(4)the purchase of junk or scrap metal that is subject to the record keeping and reporting requirements under § 17–1011 of this article.
(b)If a retail jeweler has a fixed business address in the State, this title does not apply to a transaction in which the retail jeweler:
(1)accepts, in accordance with a posted return policy, the return of an item that the jeweler originally sold;
(2)accepts, in accordance with a published trade–in policy, merchandise in trade that the jeweler originally sold;
(3)repossesses merchandise that the jeweler originally sold, if the original buyer has defaulted;
(4)retains merchandise that the jeweler originally accepted for repair as a bailee for hire, if the customer who deposited the merchandise:
(i)defaulted; or
(ii)failed to reclaim the merchandise within the time agreed on with the jeweler;
(5)accumulates pieces of precious metals in the course of performing repairs, remountings, fabrications, or custom orders; or
(6)participates in a remount sale.
(c)Except as otherwise provided in this title, this title does not apply to a pawnbroker located in a county that regulates pawnbrokers unless the pawnbroker does business as a dealer.
(1)A county or municipal corporation may not enact a law to regulate dealers or coins.
(2)This title supersedes any existing law of a county or municipal corporation that regulates dealers or coins.