242

LAWS OF MARYLAND

Ch. 42

said printed form to be printed in not less than 8 point type, in
black letters upon white paper of sufficient weight and thickness
as to be clearly readable. If any such statement shall be wholly
typewritten or typewritten on a printed form, the typewriting
shall be in black letters, in not less than elite type upon white
paper of sufficient weight or thickness as to be clearly
readable. In those filing offices where such statements are
photostated or microfilmed no such statement upon which a rider
or riders have been placed or attached in such a manner as to
obscure, hide or cover any other part of the statement shall be
tendered or received for filing, and no such statement not
otherwise readily subject to photostating or microfilming shall
be tendered or received for filing until a charge equal to three
times the fee allowed by law for the filing, noting in the index,
furnishing a receipt for such filing and recording of the same
shall have been paid to the filing officer. Each sheet of any
such statement tendered for filing shall not exceed in size 8 1/2
by 14 inches upon which the printed or typewritten matter shall
not be more than 6 1/2 by 10 inches and any statement tendered
for filing with sheets smaller than this maximum shall have a
margin at the top and bottom of at least 2 inches each and with
side margins of at least 1 inch each. Any person tendering any
such statement for filing shall cause the name or names of every
person attached to said statement to be typed or printed and, if
a signature, to be typed or printed below such signature. The
statement shall also contain a designation of the person and the
address to which the filing officer may deliver or mail any such
statement after it shall have been recorded as hereinafter
provided. A financing statement shall also indicate whether or
not the underlying secured transaction or transactions being
publicized by such financing statement are subject to the
recordation tax imposed by Title 12 of the Tax - Property
Article, or whether partially so subject. If such transaction or
transactions are wholly or partially subject to the recordation
tax then the principal amount of the debt initially incurred
shall be stated for the purpose of computing the tax then
payable, and the payment and collection of subsequent taxes by
reason of additional indebtedness shall be governed by Title 12
of the Tax - Property Article. If a statement is to be recorded
in the land records, such statement must state conspicuously at
its top "To Be Recorded in the Land Records" and any such
statement tendered for filing in Baltimore City or in any county
where a block system is maintained for recording papers among the
land records shall contain in the description of the real estate
the house number and street, if there be any, or the block
reference. Statements other than those to be recorded in the land
records shall be recorded in a well-bound book or books OR OTHER
APPROPRIATE MEDIUM to be styled "Financing Records" and indexed
in a book or books OR OTHER APPROPRIATE MEDIUM to be styled
"Index of Financing Records".

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall
take effect July 1, 1986.