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<chapter num="01" heading="General Provisions" title_num="18" subtitle_num="14">
  <regulation prefix="Regulation" num=".01" heading="Scope.">
    <text>The regulations set forth in this subtitle are effective with respect to financing statements filed on or after July 1, 2001.</text>
  </regulation>
  <regulation prefix="Regulation" num=".02" 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>
  <regulation prefix="Regulation" num=".03" heading="Duties and Responsibilities.">
    <paragraph num="A.">
      <text>The duties and responsibilities of the filing office with respect to the administration of the UCC are ministerial. In accepting for recordation or refusing to record a financing statement pursuant to this subtitle, the filing office does not:</text>
      <paragraph num="(1)">
        <text>Determine the legal sufficiency or insufficiency of a record;</text>
      </paragraph>
      <paragraph num="(2)">
        <text>Determine that a security interest in collateral exists or does not exist;</text>
      </paragraph>
      <paragraph num="(3)">
        <text>Determine that information in the record is correct or incorrect, in whole or in part; or</text>
      </paragraph>
      <paragraph num="(4)">
        <text>Create a presumption that information in the record is correct or incorrect, in whole or in part.</text>
      </paragraph>
    </paragraph>
    <paragraph num="B.">
      <text>The responsibility for the legal effectiveness of a financing statement filing rests with the filers and remitters, and the filing office bears no responsibility for effectiveness.</text>
    </paragraph>
    <paragraph num="C.">
      <text>The State and the filing office and their employees and agents are immune from liability that occurs as a result of errors in or omissions from information provided from the UCC information management system or any other errors or omissions with respect to financing statement filings.</text>
    </paragraph>
  </regulation>
  <regulation prefix="Regulation" num=".04" heading="Date, Time, and Method of Filing.">
    <paragraph num="A.">
      <text>Filing Methods.</text>
      <paragraph num="(1)">
        <text>The Filing Office may accept filings by the methods specified in §A(2)—(4) of this regulation.</text>
      </paragraph>
      <paragraph num="(2)">
        <text>Hand Delivery to the Filing Office. The file time for a UCC record delivered by this method is the date and time of presentation of a paper record to a representative of the filing office.</text>
      </paragraph>
      <paragraph num="(3)">
        <text>Postal Service or Express Mail Delivery to the Filing Office. The file time for a UCC record delivered by this method is the date the filing record is received and the time that is manually stamped on the filing by a representative of the filing office.</text>
      </paragraph>
      <paragraph num="(4)">
        <text>Electronic Transmission to the Filing Office, Excluding Telefacsimile Transmission. The file time for a UCC record delivered by this method is the date and time the filing record is received.</text>
      </paragraph>
    </paragraph>
    <paragraph num="B.">
      <text>The file times in §A of this regulation apply even though the UCC record may not yet have been accepted for filing and may be subsequently rejected.</text>
    </paragraph>
  </regulation>
  <regulation prefix="Regulation" num=".05" heading="Forms.">
    <paragraph num="A.">
      <text>The filing office shall accept for filing a form approved by the National Conference of Commissioners on Uniform State Laws or the International Association of Corporation Administrators or any other form providing the information required by Commercial Law Article, Title 9, Annotated Code of Maryland.</text>
    </paragraph>
    <paragraph num="B.">
      <text>The affidavit form required by Commercial Law Article, §9-501.1(f), Annotated Code of Maryland, is adopted and made available.</text>
    </paragraph>
    <paragraph num="C.">
      <text>Affidavit Form.</text>
    </paragraph>
  </regulation>
  <regulation prefix="Regulation" num=".06" heading="Fees.">
    <paragraph num="A.">
      <text>Expedited Service Fee. In addition to fees set forth in Commercial Law Article, §9-525, Annotated Code of Maryland, the fee is $50 for the expedited processing of a record as provided in Corporations and Associations Article, §§1-203(8) and 1-203.2, Annotated Code of Maryland.</text>
    </paragraph>
    <paragraph num="B.">
      <text>Copy Fees. In addition to the fees set forth in §A of this regulation, other fees are:</text>
      <paragraph num="(1)">
        <text>$1 per page for a copy of a record;</text>
      </paragraph>
      <paragraph num="(2)">
        <text>$6 to certify a copy of a record; and</text>
      </paragraph>
      <paragraph num="(3)">
        <text>$20 per copy or per certified copy of each record provided by expedited service.</text>
      </paragraph>
    </paragraph>
  </regulation>
  <regulation prefix="Regulation" num=".07" heading="Payment Methods.">
    <paragraph num="A.">
      <text>Fees may be paid by the methods specified in §§B—C of this regulation.</text>
    </paragraph>
    <paragraph num="B.">
      <text>Checks by Hand Delivery, by Postal Service, or by Express Mail. Personal checks, cashier's checks, and money orders made payable to the filing office and presented by these methods of delivery are accepted by the filing office.</text>
    </paragraph>
    <paragraph num="C.">
      <text>Debit Cards and Credit Cards for All Methods of Delivery. The filing office accepts payment by debit and credit cards for filings.</text>
    </paragraph>
  </regulation>
  <regulation prefix="Regulation" num=".08" heading="Overpayment.">
    <text>The filing office shall process the record and shall refund separately at a later date any overpayment to the remitter.</text>
  </regulation>
  <annotations>
    <annotation type="Authority">Commercial Law Article, §§9-501.1 and 9-526; Corporations and Associations Article, §§1-203(8) and 1-203.2; Annotated Code of Maryland</annotation>
    <annotation type="History" subtype="Administrative History">Effective date: July 1, 2001 (28:12 Md. R. 1112)</annotation>
    <annotation type="History" subtype="Administrative History">Regulation .04A amended effective July 4, 2016 (43:13 Md. R. 714)</annotation>
    <annotation type="History" subtype="Administrative History">Regulation .05 amended effective December 21, 2015 (42:25 Md. R. 1546)</annotation>
    <annotation type="History" subtype="Administrative History">Regulation .06 amended effective July 4, 2016 (43:13 Md. R. 714)</annotation>
    <annotation type="History" subtype="Administrative History">Regulation .07 amended effective July 4, 2016 (43:13 Md. R. 714)</annotation>
  </annotations>
</chapter>