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Ch. 14
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700
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LAWS OF MARYLAND
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THAT THE ADMINISTRATION REQUIRES; AND
(II) PAYMENT OF A FILING FEE OF $12, WHICH IS
IN ADDITION TO ANY OTHER FEES THAT APPLY UNDER THE
MARYLAND VEHICLE LAW.
(2) THE SECURITY INTEREST IS PERFECTED AT THE
TIME OF ITS CREATION, IF THE DELIVERY AND PAYMENT TO THE
ADMINISTRATION ARE COMPLETED WITHIN 10 DAYS OF THE DATE
OF ITS CREATION. OTHERWISE, THE SECURITY INTEREST IS
PERFECTED AT THE TIME OF THE DELIVERY AND PAYMENT.
(C) PRIOR SECURITY INTEREST ON VEHICLE BROUGHT INTO
STATE FROM ANOTHER JURISDICTION.
(1) IF A VEHICLE ALREADY IS SUBJECT TO A
SECURITY INTEREST WHEN BROUGHT INTO THIS STATE, THE
VALIDITY OF THAT SECURITY INTEREST IN THIS STATE IS
DETERMINED BY THE LAW (INCLUDING THE CONFLICT OF LAW
RULES) OF THE JURISDICTION WHERE THE VEHICLE WAS LOCATED
WHEN THE SECURITY INTEREST ATTACHED, SUBJECT TO THE
PROVISIONS OF THIS SUBSECTION.
(2) IF, AT THE TIME THE SECURITY INTEREST
ATTACHED, THE PASTIES TO THE TRANSACTION UNDERSTOOD THAT
THE VEHICLE WOULD BE KEPT IN THIS STATE, AND IF, WITHIN
30 DAYS AFTER THE SECURITY INTEREST ATTACHED, THE
VEHICLE WAS BROUGHT INTO THIS STATE FOR PURPOSES OTHER
THAN TRANSPORTATION THROUGH THIS STATE, THE VALIDITY OF
THE SECURITY INTEREST IN THIS STATE IS DETERMINED BY THE
LAW OF THIS STATE.
(3) IF, BEFORE THE VEHICLE WAS BROUGHT INTO
THIS STATE, THE SECURITY INTEREST ALREADY WAS PERFECTED
UNDER THE LAWS OF THE JURISDICTION WHERE THE VEHICLE WAS
LOCATED WHEN THE SECURITY INTEREST ATTACHED, THE
FOLLOWING RULES APPLY:
(I) IF THE NAME OF THE SECURED PARTY IS SHOWN
ON AN EXISTING CERTIFICATE OF TITLE ISSUED BY THAT
JURISDICTION, THE SECURITY INTEREST CONTINUES PERFECTED
IN THIS STATE; AND
(II) IF THE NAME OF THE SECURED PARTY IS NOT
SHOWN ON AN EXISTING CERTIFICATE OF TITLE ISSUED BY THAT
JURISDICTION AND IF THE LAW OF THAT JURISDICTION DOES NOT
PROVIDE FOR CERTIFICATES OF TITLE DISCLOSING SECURITY
INTERESTS, THE SECURITY INTEREST CONTINUES PERFECTED IN
THIS STATE FOR 4 MONTHS AND THEREAFTER IF, WITHIN THE
4-MONTH PERIOD, IT IS PERFECTED IN THIS STATE, BUT THIS
SECURITY INTEREST ALSO MAY BE PERFECTED IN THIS STATE
AFTER THE EXPIRATION OF THE 4-MONTH PERIOD, IN WHICH
CASE PERFECTION DATES FROM THE TIME OF PERFECTION IN THIS
STATE.
(4) IF, BEFORE THE VEHICLE WAS BROUGHT INTO
THIS STATE, THE SECURITY INTEREST WAS NOT PERFECTED UNDER
THE LAW OF THE JURISDICTION IN WHICH THE VEHICLE WAS
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