2894                                        LAWS OF MARYLAND                     [Ch. 865

the date and hour of filing and give a receipt therefor
and shall record same in either the financing records or
the land records, as the case may be, where the original
financing or continuation statement is recorded. In
addition he shall note the statement of assignment and
its record reference on the index of the financing or
continuation statement being assigned. After recording
such assignment the original shall be delivered or mailed
to the assignee or his agent whose name and address for
purposes of delivery shall be indicated on the statement
of assignment. The uniform fee for the filing, noting
in the index of the financing or continuation statement
the fact of such assignment and its record reference,
furnishing a receipt for such filing and recording the
assignment in either the financing records or the land
records, as the case may be, shall be the amount
specified in [Article 36, § 12 (a) (17), 1962 Suppl.,
Annotated Code of Maryland, as same may be amended from
time to time] §7-202(B-4) OF THE COURTS ARTICLE OF THE
CODE.

(3) After the disclosure or filing of an assignment
under this section, the assignee is the secured party of
record.

9-406.

A secured part of record may by his signed statement
release all or a part of any collateral described in a
filed financing statement. The statement of release is
sufficient if it contains a description of the collateral
being released, the name and address of the debtor, the
name and address of the secured party, and the file
number, the record reference and the date of filing of
the financing statement. Upon presentation of such a
statement to the filing officer he shall mark the
statement with the hour and date of filing and shall note
the same with its record reference upon the margin of the
index of the filing of the financing statement. The
uniform fee for the filing, noting in the index of the
financing or continuation statement to which such release
refers the fact thereof and its record reference,
furnishing a receipt for such filing and recording such a
statement of release shall be the amount specified in
[Article 36, § §12 (a) (17), 1962 Suppl., Annotated Code
of Maryland, as same may be amended from time to time.

SECTION 18. AND BE IT FURTHER ENACTED, That this
Act shall take effect July 1, 1974.

Approved May 31, 1974.