1. A. A trade-in allowance under Transportation Article, §13-809(a)(3)(i), Annotated Code of Maryland, shall only apply when:

   1. (1) The owner or co-owner of the trade-in vehicle is the owner or co-owner of the vehicle being purchased; or
   2. (2) The owner or co-owner of the trade-in vehicle is a relative as defined in §B of this regulation of the owner or co-owner of the vehicle being purchased.
2. B. In this regulation, a relative means a spouse, son, daughter, grandchild, parent, sister, brother, grandparent, father-in-law, mother-in-law, son-in-law, or daughter-in-law of the owner or co-owner of the trade-in vehicle and is the owner or co-owner of the vehicle being purchased.

3. C. For a relative who qualifies for a trade-in allowance, the dealer shall submit an application for a certificate of title to the Administration with:

   1. (1) A completed application for Maryland Gift Certification (VR-103) certifying the relationship to the owner or co-owner of the trade-in vehicle and vehicle being purchased; and
   2. (2) Proof of the relationship if the last names of the relatives are different.
4. D. A trade-in allowance may be applied when the owner of the trade-in vehicle is the primary beneficiary of an inter-vivos trust and the purchased vehicle is in the name of the inter-vivos trust.

Authority: Transportation Article, §§12-104(b), 13-809, and 13-812, Annotated Code of Maryland

Effective date: April 6, 2009 (36:7 Md. R. 526)

Regulation .05A, C amended effective November 24, 2014 (41:23 Md. R. 1374)

Regulation .05F adopted effective November 24, 2014 (41:23 Md. R. 1374)

Regulation .06C amended as an emergency provision effective August 18, 2011 (38:19 Md. R. 1146); amended permanently effective November 14, 2011 (38:23 Md. R. 1422)