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Current as of January 01, 2025 | Updated by Findlaw Staff
(a) This title does not apply to a transaction that involves:
(1) merchandise acquired from an established manufacturer or dealer who holds a license under this title, other than a pawnbroker, if the dealer who acquires the merchandise keeps an invoice or other customary proof of origin for the merchandise;
(2) a metal acquired for use in dentistry by a dentist licensed to practice dentistry under Title 4 of the Health Occupations Article;
(3) coins; or
(4) the purchase of junk or scrap metal that is subject to the record keeping and reporting requirements under § 17-1011 of this article.
(b) If a retail jeweler has a fixed business address in the State, this title does not apply to a transaction in which the retail jeweler:
(1) accepts, in accordance with a posted return policy, the return of an item that the jeweler originally sold;
(2) accepts, in accordance with a published trade-in policy, merchandise in trade that the jeweler originally sold;
(3) repossesses merchandise that the jeweler originally sold, if the original buyer has defaulted;
(4) retains merchandise that the jeweler originally accepted for repair as a bailee for hire, if the customer who deposited the merchandise:
(i) defaulted; or
(ii) failed to reclaim the merchandise within the time agreed on with the jeweler;
(5) accumulates pieces of precious metals in the course of performing repairs, remountings, fabrications, or custom orders; or
(6) participates in a remount sale.
(c) Except as otherwise provided in this title, this title does not apply to a pawnbroker located in a county that regulates pawnbrokers unless the pawnbroker does business as a dealer.
(d)(1) A county or municipal corporation may not enact a law to regulate dealers or coins.
(2) This title supersedes any existing law of a county or municipal corporation that regulates dealers or coins.
Cite this article: FindLaw.com - Maryland Code, Business Regulation § 12-102 - last updated January 01, 2025 | https://codes.findlaw.com/md/business-regulation/md-code-bus-reg-sect-12-102/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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