MARVIN MANDEL, Governor

295

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 [§ 7-202(b-4)] [[§ 7-202(B) (4) ]]
S7-202(B)(10) 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. Release of collateral; duties of filing officer;

fees.

A secured party 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] [[§
7-202(B) (4)]] § 7-202(B) (10) OF THE COURTS ARTICLE OF THE
CODE.

9—407. Unlawful to charge filing fee and not file.

Any creditor who charges a fee for the recording or
filing of any document required to be executed by a
debtor, and [[then]] , WITHIN 30 DAYS, fails to record or
file THE document [[within 30 days]] or [[fails]] to
return the fee to the debtor, shall be guilty of a
misdemeanor and upon conviction shall be fined not more