Sec. 02.07.01.04. Quarterly Certifications  


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  • A. A nonparticipating manufacturer that is required to make quarterly escrow payments under Regulation .03 of this chapter shall file a quarterly certification of compliance with the Attorney General. The nonparticipating manufacturer's certification shall be in the form and manner posted on the Attorney General's website and shall provide:

    (1) The identity of the nonparticipating manufacturer reporting and the quarter being reported;

    (2) The number of units sold by brand family for the quarter being reported;

    (3) The applicable escrow rate and payment;

    (4) The name of the financial institution in which the qualified escrow fund is held;

    (5) The amount of the escrow deposit and proof of deposit, such as a counter receipt or statement;

    (6) Any other information necessary to ensure compliance with this regulation.

    B. The quarterly certification required under this regulation does not affect a nonparticipating manufacturer's obligation to file annual certifications under Business Regulation Article, §16-503, Annotated Code of Maryland.