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S.B. 716
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VETOES
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(II) 1. EXCEPT AS PROVIDED IN ITEM 2 OF THIS ITEM, A LIEN
TAKES EFFECT ON THE DATE NOTICE OF LIEN IS RECORDED.
2. A LIEN TAKES EFFECT ON THE 31ST DAY FOLLOWING THE
COURT'S FINAL ORDER IF THE SECRETARY OF THE BOARD OF PUBLIC WORKS
RECORDS A NOTICE OF LIEN IN THE LAND RECORDS OF THE COUNTY OR BALTIMORE
CITY WHERE THE PROPERTY IS LOCATED ON OR BEFORE THE 41ST DAY FOLLOWING
THE FINAL ORDER.
(III) 1. AT THE TIME THAT A LIEN TAKES EFFECT, ANY
TEMPORARY LIEN THEN IN EFFECT SHALL BE AUTOMATICALLY AND FULLY
RELEASED.
2. THE RECORDED NOTICE OF A LIEN SHALL CONSTITUTE
NOTICE OF THE RELEASE OF A TEMPORARY LIEN.
(IV) A LIEN IMPOSED UNDER THIS SUBSECTION MAY BE ENFORCED
AND FORECLOSED IN ACCORDANCE WITH THE PROCEDURES PRESCRIBED IN THE
MARYLAND RULES, EXCEPT THAT NEITHER THE STATE NOR ANY AGENT APPOINTED
BY THE STATE TO SELL THE PROPERTY NEED FILE A BOND.
(3) (I) THE OWNER OR ANY OTHER INTERESTED PARTY MAY OBTAIN
RELEASE OF A LIEN AT ANY TIME BY PAYING TO THE STATE THE FULL AMOUNT OF
THE JUDGMENT RENDERED BY THE CIRCUIT COURT, TOGETHER WITH INTEREST
FROM THE DATE OF JUDGMENT.
(II) ON PAYMENT IN FULL, THE SECRETARY OF THE BOARD OF
PUBLIC WORKS SHALL CAUSE A RELEASE TO BE RECORDED IN THE LAND RECORDS.
(4) IF THE CIRCUIT COURT FINDS THAT THERE HAS BEEN NO DEFAULT
OR IF THE FULL AMOUNT OF THE COURT'S JUDGMENT IS PAID TO THE STATE WITHIN
30 DAYS AFTER THE COURT'S FINAL ORDER, A TEMPORARY LIEN THEN IN EFFECT
SHALL BE RELEASED IMMEDIATELY AND THE SECRETARY OF THE BOARD OF PUBLIC
WORKS SHALL CAUSE THE RELEASE TO BE RECORDED IN THE LAND RECORDS.
(F) (1) ALL FUNDS RECOVERED AS A RESULT OF THIS RIGHT OF RECOVERY
SHALL BE DEPOSITED IN THE ANNUITY BOND FUND AND APPLIED TO THE DEBT
SERVICE REQUIREMENTS OF THE STATE.
(2) IF THE BOARD DETERMINES THAT THERE IS GOOD CAUSE FOR
RELEASING THE TRANSFEROR, TRANSFEREE, OR OWNER FROM THE OBLIGATION
IMPOSED UNDER THIS SUBTITLE, THE BOARD OF PUBLIC WORKS MAY WAIVE THE
STATE'S RIGHT OF RECOVERY UNDER THIS SUBTITLE.
24-1307.
THE DEPARTMENT SHALL ADOPT REGULATIONS TO IMPLEMENT THE
PROVISIONS OF THIS SUBTITLE.
Article - Insurance
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- 3818 -
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