ROBERT L. EHRLICH, JR., Governor                             Ch. 203

(VIII) A STATEMENT INFORMING THE OBLIGOR THAT THE
COMPTROLLER HAS DIRECTED THE FINANCIAL INSTITUTION TO SEIZE AND ATTACH
THE AMOUNT OF THE TAX LIEN OWED BY THE OBLIGOR FROM ONE OR MORE OF THE
ACCOUNTS OF THE OBLIGOR AND, ON SUBSEQUENT NOTICE BY THE COMPTROLLER
TO FORWARD THE AMOUNT TO THE COMPTROLLER; AND

(IX)    A STATEMENT INFORMING THE OBLIGOR THAT, UNLESS A
TIMELY CHALLENGE IS MADE BY THE OBLIGOR OR AN ACCOUNT HOLDER OF
INTEREST UNDER SUBSECTION (G) OF THIS SECTION, THE COMPTROLLER SHALL
NOTIFY THE FINANCIAL INSTITUTION TO FORWARD THE AMOUNT SEIZED AND
ATTACHED BY THE FINANCIAL INSTITUTION TO THE COMPTROLLER

(3) THE COMPTROLLER SHALL NOT BE OBLIGATED TO SEND THE
NOTICE DESCRIBED IN PARAGRAPHS (1) AND (2) OF THIS SUBSECTION IF, PRIOR TO
THE TIME THAT THE NOTICE MUST BE SENT, THE COMPTROLLER AND THE OBLIGOR
AGREE TO AN ARRANGEMENT UNDER WHICH THE OBLIGOR WILL PAY AMOUNTS
OWED UNDER THE TAX LIEN.

(E) (1) IF A TIMELY CHALLENGE IS NOT MADE BY THE OBLIGOR OR AN
ACCOUNT HOLDER OF INTEREST UNDER SUBSECTION (G) OF THIS SECTION, THE
COMPTROLLER SHALL SEND A NOTICE TO THE FINANCIAL INSTITUTION, IN THE
MANNER SPECIFIED IN SUBSECTION (B) OF THIS SECTION, DIRECTING THE
INSTITUTION TO:

(I) FORWARD THE AMOUNT SEIZED AND ATTACHED BY THE
FINANCIAL INSTITUTION TO THE COMPTROLLER;

(II) REDUCE THE AMOUNT SEIZED AND ATTACHED BY THE
FINANCIAL INSTITUTION TO A REVISED AMOUNT AS STATED, FORWARD THE
REVISED AMOUNT TO THE COMPTROLLER AND RELEASE THE EXCESS AMOUNT; OR

(III) RELEASE THE AMOUNT SEIZED AND ATTACHED BY THE
FINANCIAL INSTITUTION.

(2) THE COMPTROLLER MAY SEND THE NOTICE DESCRIBED IN
PARAGRAPH (1) OF THIS SUBSECTION BEFORE THE TIME FOR FILING A TIMELY
CHALLENGE UNDER SUBSECTION (G) OF THIS SECTION ON AGREEMENT AMONG THE
COMPTROLLER THE OBLIGOR AND, IF THE COMPTROLLER IS AWARE OF AN
ACCOUNT HOLDER OF INTEREST, THE ACCOUNT HOLDER OF INTEREST.

(F) THE COMPTROLLER SHALL APPLY THE AMOUNT SEIZED AND FORWARDED
BY THE FINANCIAL INSTITUTION TO THE OBLIGOR'S TAX LIEN OBLIGATION.

(G) (1) AN OBLIGOR OR AN ACCOUNT HOLDER OF INTEREST MAY
CHALLENGE THE ACTIONS OF THE COMPTROLLER UNDER THIS SECTION BY FILING
A MOTION WITH THE CIRCUIT COURT WITHIN 10 DAYS OF THE DATE OF THE NOTICE
SENT UNDER SUBSECTION (D)(1) OF THIS SECTION.

(2) AN OBLIGOR OR AN ACCOUNT HOLDER OF INTEREST MAY
CHALLENGE THE ACTIONS OF THE COMPTROLLER BASED ON:

(I) A MISTAKE IN THE IDENTITY OF THE OBLIGOR;
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