Maryland Repeals Requirement for Notarized Bill of Sale for Used Vehicle Transfers

The Maryland Governor signed a law to repeal the notarized bill of sale requirement for transfers of used vehicles, modifying how applicants must document vehicle purchases for title applications. The law also clarifies the fair market value determination for used vehicles sold by non-dealers when the purchase price is significantly below book value. The law takes effect Oct. 1. [H.B. 251, enacted 04/14/26]

This story was produced by Bloomberg Tax Automation, and edited by Bloomberg Tax staff.