Section 15-105 - Location requirements; books and records. - Maryland Statutes

§ 15-105. Location requirements; books and records.
 

(a)  In general.-  

(1) A person who is licensed under this title may conduct the licensed activity only from a fixed location, as specified in the application for the license, unless conducting wholesale transactions at auctions or at other licensed dealership locations. 

(2) The books of account and records of, except as otherwise specified by law, the licensee shall be kept at that location. 

(3) A person, who holds multiple licenses at more than one location and has established a computerized data processing record keeping system at one of his locations, may keep certain records, as designated by the Administrator, of all his licensed activities at the centralized location, provided prior approval of the Administrator has been granted. 

(b)  Supplemental license required for change.- A licensee may not remove or relocate the location specified for the licensed activity, unless the licensee has applied for and obtained a supplemental license from the Administration. 

(c)  Opening additional locations.- A licensee may not open any additional location other than a location specified for the licensed activity, unless the licensee has applied for and obtained a supplemental license from the Administration. 

(d)  Duty of licensee to keep records; inspection.- Each licensee under this title shall maintain and keep records required by this article. 

(e)  Time records kept.- The records shall be kept for 3 years after the transaction to which it applies. 

(f)  Inspection of records.- During business hours, the records of the licensee shall be open to inspection by the Administration or any police officer while discharging his official duties. 
 

[An. Code 1957, art. 661/2, §§ 5-103, 5-107, 5-202, 5-306, 5-705, 5-803, 6-501; 1977, ch. 14, § 2; 1978, ch. 588; 1982, ch. 551; 1986, ch. 472, § 1; 2001, ch. 121; 2008, ch. 36, § 6.]