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Ch. 522
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2000 LAWS OF MARYLAND
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(IV) THE DATE THE GUARANTY FUND PAID THE AWARD THAT GIVES
RISE TO THE LIEN.
(4) THE LIEN IN FAVOR OF THE STATE CREATED UNDER THIS
SUBSECTION DOES NOT HAVE PRIORITY AS TO ANY SPECIFIC PROPERTY OVER ANY
LIEN RECORDED AT THE TIME THE NOTICE REQUIRED UNDER PARAGRAPH (2) OF
THIS SUBSECTION IS RECORDED.
(5) ON PRESENTATION OF A RELEASE OF ANY LIEN IN FAVOR OF THE
STATE CREATED BY THIS SUBSECTION, THE CLERK OF THE COURT IN WHICH THE
LIEN IS RECORDED AND INDEXED SHALL RECORD AND INDEX THE RELEASE AND
SHALL NOTE IN THE LIEN DOCKET THE DATE THE RELEASE IS FILED AND THE FACT
THAT THE LIEN IS RELEASED.
(6) THE NOTICE REQUIRED UNDER PARAGRAPH (2) OF THIS SUBSECTION
AND ANY RELEASE FILED UNDER PARAGRAPH (5) OF THIS SUBSECTION SHALL BE
INDEXED WITH THE JUDGMENT LIEN RECORDS MAINTAINED BY THE OFFICE OF THE
CLERK OF THE COURT WHERE THE NOTICE IS RECORDED.
(7) THE CLERK OF THE COURT MAY COLLECT A REASONABLE FEE FOR
RECORDING AND INDEXING EACH NOTICE OF LIEN OR RELEASE OF ANY LIEN UNDER
THIS SUBSECTION.
(G) INTEREST SHALL CONTINUE TO ACCRUE ON ALL BALANCES DUE AS
PROVIDED UNDER § 11-107(A) OF THE COURTS ARTICLE UNTIL THE BALANCE DUE IS
PAID.
4.5-510.
(A) AFTER PAYING AN AWARD FROM THE GUARANTY FUND, THE DIRECTOR
MAY SUSPEND THE REGISTRATION OF THE REGISTRANT THAT IS RESPONSIBLE FOR
THE CLAIM UNTIL THE REGISTRANT FULLY REIMBURSES THE GUARANTY FUND FOR:
(1) THE AMOUNT PAID FROM THE GUARANTY FUND; AND
(2) INTEREST ACCRUED UNDER § 4.5-509(G) OF THIS SUBTITLE.
(B) A REGISTRANT'S FULL REIMBURSEMENT OF THE GUARANTY FUND, BY
ITSELF, DOES NOT NULLIFY OR MODIFY THE EFFECT OF A DISCIPLINARY
PROCEEDING AGAINST THE REGISTRANT.
SUBTITLE 6 5. PROHIBITED ACTS; PENALTIES.
4.5-601. 4.5-501.
(A) EXCEPT AS OTHERWISE PROVIDED IN THIS TITLE, A PERSON MAY NOT ACT
AS, OFFER TO ACT AS, HOLD ONESELF OUT AS, OR IMPERSONATE A REGISTRANT IN
THE STATE UNLESS THE PERSON IS A REGISTRANT.
(B) A PERSON THAT VIOLATES THIS SECTION IS GUILTY OF A MISDEMEANOR
AND, ON FIRST CONVICTION, IS SUBJECT TO A FINE NOT EXCEEDING $1,000 AND ON
SECOND OR SUBSEQUENT CONVICTION, IS SUBJECT TO A FINE NOT EXCEEDING
$5,000.
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- 2800 -
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