1. A. A trade-in allowance under Transportation Article, §13-809(a)(3)(ii), Annotated Code of Maryland, may be applied to the purchase price of a leased vehicle if:

   1. (1) The trade-in is in the same owner's name as the name of the lessee on the purchased vehicle; or

   2. (2) The vehicle is:

      1. (a) Owned by the same leasing company purchasing the vehicle;
      2. (b) Being assigned to the dealer; and
      3. (c) Becoming a part of the dealers inventory for resale.
2. B. A trade-in does not include a vehicle acquired by a dealer but not assigned to a dealer.

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)