1024

LAWS OF MARYLAND

Ch. 388

[property] PROPERLY included in his request a good faith
statement of the obligation or a list of the collateral
or both the secured party may claim a security interest
only as shown in the statement against persons misled by
his failure to comply. If he no longer has an interest
in the obligation or collateral at the time the request
is received he must disclose the name and address of any
successor in interest known to him and he is liable for
any loss caused to the debtor as a result of failure to
disclose. A successor in interest is not subject to this
section until a request is received by him.

9-403.

(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 § 7-202(b) (10)] DETERMINED UNDER §
7-202 of the Courts Article [of the Code].

9-404.

(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) (10) ] DETERMINED UNDER
§ 7-202 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.

(3) The uniform fee for the filing, noting in the
index of the financing or continuation statement the fact
of such termination and its record reference, furnishing
a receipt for such filing and recording the termination
statement in either the financing records or the land
records, as the case may be, shall be the amount
[specified in § 7-202(b) (10)] DETERMINED UNDER § 7-202 of
the Courts Article [of the Code].