§ 13-928. Trailers and semitrailers: Class G (trailer) vehicles -- Fleet registrations

   (a) Application for registration. --

   (1) The owner of a fleet of trailers or semitrailers may apply to the Administration for registration under this section of the Class G (trailer) vehicles in the fleet, if:

      (i) The fleet consists of at least 25 Class G (trailer) vehicles that are rented or offered for rent for periods of 364 days or less; or

      (ii) The fleet consists of at least five Class G (trailer) vehicles with a permitted gross weight of over 10,000 pounds.

   (2) Each application made under this section shall contain the information that the Administration requires.

(b) Issuance of registration. -- If the applicant pays the fees required by this section and meets the other conditions required by the Administration, the Administration shall issue a special registration plate and registration card for each vehicle for which application is made.

(c) Term of registration; expiration. -- A special registration plate and registration card issued under this section:

   (1) May be issued for any period of up to 8 years as the Administration determines;

   (2) Shall expire on the date that the Administration determines; and

   (3) Until they expire, are valid only:

      (i) As long as the applicant retains ownership of the vehicle for which they are issued; and

      (ii) If the registration is made on a prorated annual fee basis, as long as the owner pays the required annual fees before the date on which regular Class G registration plates expire.

(d) Fees. --

   (1) The fee for registration under this section shall be paid to the Administration, at the election of the applicant, either:

      (i) At the time of registration, for the full registration period; or

      (ii) Annually, on a prorated fee basis.

   (2) The fee for the full registration period for each vehicle is the regular annual fee required for the vehicle under § 13-927 of this subtitle, multiplied by the number of years in the registration period.

(e) Surety bond or letter of credit for prorated fee payments. -- If the application is made on a prorated annual fee basis, the applicant shall submit with the application acceptable evidence of a surety bond or irrevocable letter of credit that is:

   (1) In a form and with a surety or insured Maryland financial institution approved by the Administration; and

   (2) In an amount equal to the total annual fees required for all vehicles registered to the applicant under this section.

HISTORY: An. Code 1957, art. 66 1/2, § 3-608; 1977, ch. 14, § 2; ch. 270, § 2.