(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 on the related real property, if:
(A) The collateral is as-extracted collateral or timber to be cut;
or
(B) The financing statement is filed as a fixture filing and the
collateral is goods that are or are to become fixtures; or
(2) The Maryland State Department of Assessments and Taxation
("Department"), in all other cases, including a case in which the collateral is goods
that are or are to become fixtures and the financing statement is not filed as a fixture
filing.
(b) The office in which to file a financing statement to perfect a security
interest in collateral, including fixtures, of a transmitting utility is the Department.
The financing statement also constitutes a fixture filing as to the collateral indicated
in the financing statement which is or is to become fixtures.
(c) (1) This subsection does not apply to a financing statement that is a
mortgage or deed of trust.
(2) If the Department or other office receives a financing statement
under subsection (a) or (b) for filing and the secured party and the debtor identified
on the financing statement are individuals, the Department or other office shall
provide written notice of the filing of the financing statement to the debtor.
(3) Subject to paragraph (4), the Department or other office required
to provide written notice under paragraph (2) shall determine the form of the notice.
(4) The written notice shall contain at least the following
information:
(A) The debtor's name and address as shown on the financing
statement;
(B) The secured party's name and address as shown on the
financing statement; and
(C) The remedies available to the debtor if the debtor believes
that the financing statement is erroneously or fraudulently filed.‹ Prev All Maryland sections Next ›
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