Section 9-525 – Fees
(a) Except as otherwise provided in subsection (c), the fee for filing and indexing a record under this part, other than an initial financing statement of the kind described in § 9-502(c), is: (1) $25 if the record is communicated in writing and consists of eight or fewer pages; (2) $75 if the record is communicated in writing […]
Section 9-509 – Persons Entitled to File a Record
(a) A person may file an initial financing statement, amendment that adds collateral covered by a financing statement, or amendment that adds a debtor to a financing statement only if: (1) The debtor authorizes the filing in an authenticated record or pursuant to subsection (b) or (c); or (2) The person holds an agricultural lien that has become […]
Section 9-526 – Filing-Office Rules
(a) The Department shall adopt and publish rules to implement this subtitle. The filing-office rules must be: (1) Consistent with this subtitle; and (2) Adopted and published in accordance with Title 10, Subtitle 1 of the State Government Article. (b) To keep the filing-office rules and practices of the filing office in harmony with the rules and practices of […]
Section 9-510 – Effectiveness of Filed Record
(a) A filed record is effective only to the extent that it was filed by a person that may file it under § 9-509. (b) A record authorized by one secured party of record does not affect the financing statement with respect to another secured party of record. (c) A continuation statement that is not filed within the […]
Section 9-511 – Secured Party of Record
(a) A secured party of record with respect to a financing statement is a person whose name is provided as the name of the secured party or a representative of the secured party in an initial financing statement that has been filed. If an initial financing statement is filed under § 9-514(a), the assignee named in […]
Section 9-512 – Amendment of Financing Statement
(a) Subject to § 9-509, a person may add or delete collateral covered by, continue or terminate the effectiveness of, or, subject to subsection (e), otherwise amend the information provided in, a financing statement by filing an amendment that: (1) Identifies, by its file number, the initial financing statement to which the amendment relates; and (2) If the […]
Section 9-513 – Termination Statement
(a) A secured party shall cause the secured party of record for a financing statement to file a termination statement for the financing statement if the financing statement covers consumer goods and: (1) There is no obligation secured by the collateral covered by the financing statement and no commitment to make an advance, incur an obligation, or […]
Section 9-514 – Assignment of Powers of Secured Party of Record
(a) Except as otherwise provided in subsection (c), an initial financing statement may reflect an assignment of all of the secured party’s power to authorize an amendment to the financing statement by providing the name and mailing address of the assignee as the name and address of the secured party. (b) Except as otherwise provided in subsection […]
Section 9-501 – Filing Office
(a) Except as otherwise provided in subsection (b), if the local law of this State governs perfection of a security interest or agricultural lien, the office in which to file a financing statement to perfect the security interest or agricultural lien is: (1) The office designated for the filing or recording of a record of a mortgage […]
Section 9-501.1 – Filing False Financing Statement Prohibited
(a) (1) In this section, “filing office” means an office described in § 9–501(a). (2) “Filing office” includes the State Department of Assessments and Taxation. (b) This section does not apply to a financing statement that is a mortgage or deed of trust. (c) A person may not cause to be filed or recorded under this title a financing statement […]