# COMAR Title 18 — Department of Assessments and Taxation

## Subtitle 14 — Uniform Commercial Code

### Chapter 01 — General Provisions

#### Regulation .02 Definitions.

*COMAR 18.14.01.02*

A. In this subtitle, the following terms have the meanings indicated.

B. Terms Defined.

  (1) Amendment.

    (a) “Amendment” means a UCC record that amends the information contained in a financing statement.

    (b) “Amendment” includes assignments, continuations, and terminations.

  (2) “Assignment” means an amendment that assigns all or a part of a secured party's power to authorize an amendment to a financing statement.

  (3) “Continuation statement” has the meaning stated in Commercial Law Article, §9-102(27), Annotated Code of Maryland.

  (4) “Correction statement” means a record filed under Commercial Law Article, §9-518, Annotated Code of Maryland, indicating that a financing statement is inaccurate or wrongfully filed.

  (5) “File number” has the meaning stated in Commercial Law Article, §§9-102(36) and 9-519(a), Annotated Code of Maryland.

  (6) “Filing office” means the State Department of Assessments and Taxation.

  (7) “Filing office correction statement” means a statement of correction entered into the filing office's information system to correct an error by the filing office.

  (8) “Financing statement” has the meaning stated in Commercial Law Article, §9-102(39), Annotated Code of Maryland.

  (9) “Individual” means a human being, or a decedent in the case of a debtor that is the decedent's estate.

  (10) “Initial financing statement” means a UCC record containing the information required to be in an initial financing statement and that causes the filing office to establish the initial record of existence of a financing statement.

  (11) “Lapse date” means the date on which the effectiveness of a financing statement lapses under Commercial Law Article, §9-515, Annotated Code of Maryland.

  (12) “Organization” means a legal person who is not an individual.

  (13) “Record” means an initial financing statement, an amendment, an assignment, a continuation statement, a termination statement, or a correction statement.

  (14) Remitter.

    (a) “Remitter” means a person who tenders a UCC record to the filing office for filing, whether the person is a filer or an agent of a filer responsible for tendering the record for filing.

    (b) “Remitter” includes a service provider who acts as a filer's representative in the filing process.

    (c) “Remitter” does not include a person responsible merely for the delivery of the record to the filing office, such as the postal service or a courier service.

  (15) “Secured party of record” has the meaning stated in Commercial Law Article, §9-511, Annotated Code of Maryland.

  (16) “Termination statement” has the meaning stated in Commercial Law Article, §§9-102(79) and 9-513, Annotated Code of Maryland.

  (17) “UCC ” means the Maryland Uniform Commercial Code.