<?xml version='1.0' encoding='utf-8'?>
<regulation prefix="Regulation" num=".02" citation="COMAR 18.14.01.02" title_num="18" subtitle_num="14" chapter_num="01" heading="Definitions.">
  <paragraph num="A.">
    <text>In this subtitle, the following terms have the meanings indicated.</text>
  </paragraph>
  <paragraph num="B.">
    <text>Terms Defined.</text>
    <paragraph num="(1)">
      <text>Amendment.</text>
      <paragraph num="(a)">
        <text>“Amendment” means a UCC record that amends the information contained in a financing statement.</text>
      </paragraph>
      <paragraph num="(b)">
        <text>“Amendment” includes assignments, continuations, and terminations.</text>
      </paragraph>
    </paragraph>
    <paragraph num="(2)">
      <text>“Assignment” means an amendment that assigns all or a part of a secured party's power to authorize an amendment to a financing statement.</text>
    </paragraph>
    <paragraph num="(3)">
      <text>“Continuation statement” has the meaning stated in Commercial Law Article, §9-102(27), Annotated Code of Maryland.</text>
    </paragraph>
    <paragraph num="(4)">
      <text>“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.</text>
    </paragraph>
    <paragraph num="(5)">
      <text>“File number” has the meaning stated in Commercial Law Article, §§9-102(36) and 9-519(a), Annotated Code of Maryland.</text>
    </paragraph>
    <paragraph num="(6)">
      <text>“Filing office” means the State Department of Assessments and Taxation.</text>
    </paragraph>
    <paragraph num="(7)">
      <text>“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.</text>
    </paragraph>
    <paragraph num="(8)">
      <text>“Financing statement” has the meaning stated in Commercial Law Article, §9-102(39), Annotated Code of Maryland.</text>
    </paragraph>
    <paragraph num="(9)">
      <text>“Individual” means a human being, or a decedent in the case of a debtor that is the decedent's estate.</text>
    </paragraph>
    <paragraph num="(10)">
      <text>“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.</text>
    </paragraph>
    <paragraph num="(11)">
      <text>“Lapse date” means the date on which the effectiveness of a financing statement lapses under Commercial Law Article, §9-515, Annotated Code of Maryland.</text>
    </paragraph>
    <paragraph num="(12)">
      <text>“Organization” means a legal person who is not an individual.</text>
    </paragraph>
    <paragraph num="(13)">
      <text>“Record” means an initial financing statement, an amendment, an assignment, a continuation statement, a termination statement, or a correction statement.</text>
    </paragraph>
    <paragraph num="(14)">
      <text>Remitter.</text>
      <paragraph num="(a)">
        <text>“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.</text>
      </paragraph>
      <paragraph num="(b)">
        <text>“Remitter” includes a service provider who acts as a filer's representative in the filing process.</text>
      </paragraph>
      <paragraph num="(c)">
        <text>“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.</text>
      </paragraph>
    </paragraph>
    <paragraph num="(15)">
      <text>“Secured party of record” has the meaning stated in Commercial Law Article, §9-511, Annotated Code of Maryland.</text>
    </paragraph>
    <paragraph num="(16)">
      <text>“Termination statement” has the meaning stated in Commercial Law Article, §§9-102(79) and 9-513, Annotated Code of Maryland.</text>
    </paragraph>
    <paragraph num="(17)">
      <text>“UCC ” means the Maryland Uniform Commercial Code.</text>
    </paragraph>
  </paragraph>
</regulation>