Maryland § 15-305.1

§ 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.