How To Register For Resale Certificate In Maryland

Titling - Obtaining a Dealer Resale Title

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A Maryland dealer resale title is aMaryland Certificate of Title that lists the dealer as the vehicle owner. It is issued only to a licensed vehicle dealer so that the dealer has a title to give to the customer when reselling the vehicle. In many cases, a used car obtained by a dealer comes with a title on which bothDealer'southward Reassignment sections have already been used.

The dealer resale title transaction istax-exempt in the post-obit situations:

The vehicle is registered in a jurisdiction whose laws do not require titling; or,
The vehicle is involuntarily transferred to a licensed dealer and the certificate of title is not bachelor (i.e., repossession, court club, etc.); or,
The vehicle is salvaged but has been restored by the licensed dealer and inspected in accord with State law; or,
The vehicle is acquired for resale and the dealer reassignment sections independent on the certificate of title accept been used.

In all other situations, the dealer must pay excise tax!

How can my dealership obtain a Maryland dealer resale title?

You lot may utilize in person at whatsoever of the MVA'due south full service co-operative offices, by mail to the MVA'southward Repossession/Resale Unit, or through an MVA licensed tag and championship service. If you visit the Glen Burnie co-operative office, you should go to the dealer window.

Typically, the documents needed include:

Proof of ownership - You can submit the vehicle'southward current title, which has been properly assigned to y'all. If the championship is not available, you tin submit as proof of ownership, a Maryland Security Interest Filing (SIF), a court social club, proof that you have a mechanic's lien, a certificate of repossession, or a Certificate to Obtain a Title (US government form).
Awarding form - If the vehicle'south current championship was issued in Maryland, use it as your application form past completing the section entitledApplication for Title and Registration. If non, use theAwarding for Certificate of Championship.
Odometer disclosure statement - If the vehicle has a Maryland title, the odometer reading can be recorded and attested to in the section entitled Assignment of Ownership. You can also submit the MVA'sOdometer Disclosure Statement.

Nether sure circumstances, additional information and/or forms may be required:

Lien release - If the existing title indicates that a lien was placed against it, you lot must submit a lien release. For a vehicle that was titled in Maryland, this could be a properly completed and signed Maryland Security Involvement Filing (SIF) or a signed letter of the alphabet from the lien holder specifically identifying the vehicle and stating that the lien has been released. If the vehicle is currently titled in another state, y'all may submit a signed letter of release from the lien holder or y'all may have the lien holder sign the championship indicating that the lien has been released.
Power of attorney - If someone other than the possessor or officer of the dealership is signing the title application forms, this document is required.
Certificate of Repossession - This form must be submitted by the repossessing lien holder for securing a repossessed certificate of title, or for conveyance of the ownership of a repossessed vehicle on a certificate of title.

The dealer resale title will be mailed to you unless the dealership is acting equally a lien holderand the vehicle was repossessed. Repossession titles will be printed and issued the aforementioned mean solar day.

Practise I demand to pay excise taxation if in that location is an error on the title and I have a letter of correction from the MVA?

Aye, unless the fault on the championship that is assigned to yous was made past the MVA, y'all must pay excise taxation when applying for a dealer resale title.

Note: On July ane, 2015 all businesses wishing to title a vehicle will be required to show proof of the legal existence of the concern. The business will exist given a number with a "Z" to place it.

Fees:

Run across championship fee and excise revenue enhancement for fee information.
There is no excise revenue enhancement charged in the post-obit situations:
- The vehicle is registered in a jurisdiction whose laws exercise non require titling; or,
- The vehicle is involuntarily transferred to a licensed dealer and the certificate of title is non bachelor (i.e., repossession, court order, mechanic's lien, etc); or,
- The vehicle is salvaged just has been restored by the licensed dealer and inspected in accordance with Country law; or,
- The vehicle is caused for resale and the dealer reassignment sections contained on the certificate of championship take been used.