Maryland Code, TRANSPORTATION 13-610
Terms Used In Maryland Code, TRANSPORTATION 13-610
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- Person: includes an individual, receiver, trustee, guardian, personal representative, fiduciary, representative of any kind, corporation, partnership, business trust, statutory trust, limited liability company, firm, association, or other nongovernmental entity. See
(2) “Fleet” means 10 or more vehicles.
(3) “Qualified owner” means a person, partnership, firm, or corporation, or an individual agent of a person, partnership, firm, or corporation, authorized by the Administration to transmit electronically proper titling and registration information and fees to the Administration.
(4) “Service provider” means a dealer or title service agent licensed under Title 15 of this article or a qualified owner of a fleet.
(b) Subject to the approval of the Administration, a service provider may:
(1) Issue permanent registration plates to the transferee or renew the registration of a vehicle if the service provider has electronically transmitted the proper titling and registration information to the Administration, or an agent designated by the Administration;
(2) Charge the transferee or the registered owner of the vehicle a fee for the actual cost to the service provider of the electronic transmission service described in item (1) of this subsection; and
(3) Electronically submit a security interest filing with the Administration on behalf of a registered owner or lienholder.
(c) The Administration shall adopt regulations to:
(1) Govern the electronic transmission of titling, registration, and security interest information authorized under this section; and
(2) Determine the appropriate level of the fee that may be charged by service providers for the electronic transmission service.