§ 15-305.1
200 words·~1 min read·
/md/transportation/15-305-1A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§15–305.1.
(a)A wholesale dealer who is licensed by the Administration under this subtitle:
(1)May buy a vehicle from another dealer, at an auto auction, or from a retail seller;
(2)May sell a vehicle to or exchange vehicles with another dealer;
(3)Except as provided in item
(4)of this subsection, may sell a vehicle or exchange vehicles at an auto auction;
(4)May not sell a vehicle to or exchange vehicles with a retail buyer; and
(5)May not buy, sell, or exchange new vehicles.
(b)A wholesale dealer shall keep a record of the following:
(1)The year, make, model, and identification number of a vehicle that is bought, sold, or exchanged;
(2)The date that a vehicle is bought, sold, or exchanged;
(3)The amount for which a vehicle is bought or sold;
(4)The name, address, and license number of the other person with whom the wholesale dealer conducts a purchase, sale, or exchange;
(5)The odometer mileage statement for a vehicle that is required under the federal Motor Vehicle Information and Cost Act; and
(6)Each invoice, bill of sale, and other pertinent document and record in the form required by the Administration.