MD SB125

Repeals the requirement for a notarized bill of sale when transferring ownership of a used vehicle to the Motor Vehicle Administration (MVA)

Applies specifically to private sales (non-dealer transactions) where the purchase price is $500 or more below the vehicle's retail value in national used car publications

Changes how fair market value is determined for excise tax purposes: when the stated price is $500+ below book value, the MVA will now automatically use the national publication valuation rather than allowing price verification through notarized documentation

Retains other documentation requirements such as canceled checks, money order receipts, loan documents, and written vehicle condition descriptions

Takes effect October 1, 2026