Section 15-311 - Contents of vehicle sales contracts. - Maryland Statutes

§ 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)  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. 

(d)  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. 

(e)  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 (c) and (d) of this section. 
 

[An. Code 1957, art. 661/2, § 5-402; 1977, ch. 14, § 2; 1984, ch. 255; 1986, ch. 472, § 1; 1993, ch. 630; ch. 631, § 2.]