MARVIN MANDEL, Governor

293

statement the fact of such amendment shall be noted in
the index of the statement being amended with the record
reference of such amendment. After recording such
statement, or amendment, the original shall be delivered
or mailed to the secured party or his agent whose name
and address for purposes of delivery shall be indicated
on the statement or amendment. With respect to a
financing or continuation statement or any amendment
thereof, relating to fixtures, same shall be indexed and
recorded among the land records as a mortgage effecting
an interest in land.

(5) The uniform fee for the filing, indexing,
furnishing a receipt for such filing, and recording for a
financing statement, or for a continuation statement, or
for any amendment thereof, whether recorded in the
financing records or the land records, 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)]] §7-202(B)(10)
OF THE COURTS ARTICLE OF THE CODE.

9—404. Termination statement.

(1)     Whenever there is no outstanding secured
obligation and no commitment to make advances, incur
obligations or otherwise give value, the secured party
must on written demand by the debtor send the debtor a
statement that he no longer claims a security interest
under the financing statement, which shall be identified
by file number and by its record reference. A
termination statement signed by a person other than the
secured party of record must include or be accompanied by
the assignment or a statement by the secured party of
record that he has assigned the security interest to the
signer of the termination statement. The uniform fee
for the filing, noting in the index of the financing or
continuation statement the fact of such assignment and
the record reference of the assignment, furnishing a
receipt for such filing and recording the assignment in
either the financing records or the land records shall be
the amount specified in [§ 7-202(b-4) 1 [[§ 7-202(B) (4)]]
§7-202(B)1101 of the Courts Article of the Code, If the
affected secured party fails to send such a termination
statement within ten days after proper demand therefor he
shall be liable to the debtor for one hundred dollars
($100), and in addition for any loss caused to the debtor
by such failure.

(2)     Upon presentation of such a termination
statement to the filing officer he shall mark it with an
identifying file number and with the date and hour of
filing and give a receipt therefor and he shall record
same in either the financing records or the land records,