PARRIS N. GLENDENING, Governor

Ch. 174

[(b)](2) For each fiscal year, the Comptroller shall distribute to Baltimore City
an amount equal to $5 for each filing fee received under this subtitle.

(B) EXCEPT AS PROVIDED IN SUBSECTION (A) OF THIS SECTION, THE
ADMINISTRATION SHALL DEPOSIT THE FILING FEES COLLECTED UNDER THIS
SUBTITLE INTO THE TRANSPORTATION TRUST FUND.

[13-209.

(a) The Administration shall maintain an Assurance Fund and deposit in it that
part of the filing fees collected under this subtitle that is not credited to the General Fund
under § 13-208 of this subtitle.

(b) When the Assurance Fund reaches $25,000, any money in excess of that
amount shall be transferred to the Transportation Trust Fund.]

13-209.
THE ADMINISTRATION SHALL ENSURE THAT SECURITY INTERESTS ARE
PROPERLY FILED, RECORDED, AND INDEXED.

[13-210.

(a) (1) If an omission or error in the filing, recording, or indexing of a security
interest has been made by an employee of the Administration in the course of
employment and, ,as a result of the omission or error, any interested person has sustained
loss or damage, the person may file a claim with the Administration for payment of the
loss or damage out of the Assurance Fund maintained under § 13-209 of this subtitle. The
claim for payment shall include a request for a hearing on the matter and shall be made
in the manner and on the form that the Administration requires.

(2) A claim for payment under this section may not be made unless it is filed
with the Administration within 3 years from the date the cause of action arose.

(3) THE AMOUNT OF PAYMENT MADE FOR A CLAIM UNDER THIS
SECTION MAY NOT EXCEED $100,000.

(4) PAYMENT FOR A SINGLE CLAIM MAY NOT BE MADE FROM BOTH THE
ASSURANCE FUND AND FROM THE STATE INSURANCE TRUST FUND UNDER § 12-104 OF
THE STATE GOVERNMENT ARTICLE.

(b) After notice to all interested parties and a hearing on the claim, the
Administration may:

(1) Order that any loss or damage sustained by the claimant be paid out of
the Assurance Fund, subject to the limitations set forth in this section; or

(2) Order that the claim be dismissed and deny payment of the claim.

(c) (1) Any aggrieved party to a hearing under this section may appeal from the
decision of the Administration as follows:

(i) To the circuit court for the county in which the party resides or has
his principal place of business; or

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