Section 9-508 – Effectiveness of Financing Statement if New Debtor Becomes Bound by Security Agreement
(a) Except as otherwise provided in this section, a filed financing statement naming an original debtor is effective to perfect a security interest in collateral in which a new debtor has or acquires rights to the extent that the financing statement would have been effective had the original debtor acquired rights in the collateral. (b) If the […]
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 9-501 – 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 […]