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<section article="gtr" article_name="Transportation" number="13-201" title_number="13" title_name="Vehicle Laws -- Certificates of Title and Registration of Vehicles" subtitle_number="2" subtitle_name="Security Interests">
  <level label="a">
    <text>In this subtitle, “perfected”, as used in reference to a security interest, means that it is valid against third parties generally, subject only to specific statutory exceptions.</text>
  </level>
  <level label="b">
    <text>This subtitle does not apply to or affect:</text>
    <level label="1">
      <text>Any lien given by statute or rule of law to a supplier of services or materials for a vehicle;</text>
    </level>
    <level label="2">
      <text>Any lien given by statute to the United States, this State, or any political subdivision of this State;</text>
    </level>
    <level label="3">
      <text>Any security interest in a vehicle during any period in which the vehicle is inventory held for sale or lease by a person or leased by that person as lessor and that person is in the business of selling vehicles;</text>
    </level>
    <level label="4">
      <text>Any lien arising out of an attachment of a vehicle;</text>
    </level>
    <level label="5">
      <text>Any security interest claimed on proceeds, as that term is defined in Title 9 of the Commercial Law Article (Maryland Uniform Commercial Code -- Secured Transactions), if the original security interest did not have to be noted on the certificate of title in order to be perfected; or</text>
    </level>
    <level label="6">
      <text>Any vehicle for which a certificate of title is not required under this title.</text>
    </level>
  </level>
</section>
