Ch. 203

2003 LAWS OF MARYLAND

(I) THE TOTAL OF THE AMOUNTS IN ALL THE ACCOUNTS OF THE
OBLIGOR HELD BY THE FINANCIAL INSTITUTION; OR

(II) THE AMOUNT STATED IN THE NOTICE SENT UNDER
SUBSECTION (B) OF THIS SECTION.

(2) WITHIN 30 DAYS AFTER THE FINANCIAL INSTITUTION RECEIVES THE
NOTICE DIRECTING IT TO SEIZE AND ATTACH ACCOUNTS OF THE OBLIGOR THE
FINANCIAL INSTITUTION SHALL SEND NOTICE TO THE COMPTROLLER IN THE
MANNER SPECIFIED IN SUBSECTION (B) OF THIS SECTION, SPECIFYING THE
AGGREGATE AMOUNT HELD UNDER THIS SUBSECTION

(3) (I) THE FINANCIAL INSTITUTION MAY ASSESS A FEE AGAINST THE
ACCOUNTS OR THE OBLIGOR IN ADDITION TO THE AMOUNT IDENTIFIED IN THE
NOTICE UNDER SUBSECTION (B) OF THIS SECTION.

(II) IN THE CASE OF INSUFFICIENT FUNDS TO COVER BOTH THE
FEE AND THE AMOUNT IDENTIFIED IN THE NOTICE UNDER SUBSECTION (B) OF THIS
SECTION, THE FINANCIAL INSTITUTION MAY FIRST DEDUCT AND RETAIN THE FEE
FROM THE AMOUNT SEIZED AND ATTACHED AS PROVIDED IN THIS SECTION.

(4) THE FINANCIAL INSTITUTION MAY NOT BE HELD LIABLE TO ANY
PERSON, INCLUDING THE COMPTROLLER THE OBLIGOR OR ANY ACCOUNT HOLDER
OF INTEREST, FOR WRONGFUL DISHONOR OR FOR ANY OTHER CLAIM RELATING TO
THE SEIZURE AND ATTACHMENT OF AN ACCOUNT OR OTHER ACTIONS TAKEN IN
COMPLIANCE WITH THIS SECTION.

(D) (1) WITHIN 10 BUSINESS DAYS AFTER THE COMPTROLLER HAS
RECEIVED NOTICE FROM THE FINANCIAL INSTITUTION UNDER SUBSECTION (C)(2)
OF THIS SECTION, THE COMPTROLLER SHALL SEND A NOTICE TO THE OBLIGOR BY
REGULAR MAIL, TO THE OBLIGOR'S LAST KNOWN ADDRESS.

(2) THE NOTICE SHALL CONTAIN THE FOLLOWING INFORMATION, TO
THE EXTENT KNOWN BY THE COMPTROLLER:

(I) THE ADDRESS OF THE COMPTROLLER;

(II) THE TELEPHONE NUMBER ADDRESS, AND NAME OF A
CONTACT PERSON AT THE OFFICE OF THE COMPTROLLER;

(III) THE NAME AND SOCIAL SECURITY NUMBER FEDERAL
EMPLOYER IDENTIFICATION NUMBER OR OTHER TAXPAYER IDENTIFICATION
NUMBER OF THE OBLIGOR;

(IV) THE ADDRESS OF THE OBLIGOR;

(V) FOR EACH ACCOUNT OF THE OBLIGOR THE NAME OF THE
FINANCIAL INSTITUTION THAT HAS SEIZED AND ATTACHED AMOUNTS AS REQUIRED
BY THIS SECTION;

(VI)    THE TOTAL AMOUNT OF THE TAX LIEN OWED BY THE OBLIGOR;

(VII)   THE DATE THE NOTICE IS BEING SENT;

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