Md. Code, Commercial Law § 17-319
This is the official text of Md. Code, Commercial Law § 17-319, part of Maryland’s Code, Commercial Law — governs commercial transactions - Maryland's version of the Uniform Commercial Code.
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§17–319.
Official statutory text
(a) (1) The Administrator shall consider any claim filed under this title and may hold a hearing and receive evidence concerning it.
(2) (i) If a hearing is held, the Administrator shall prepare a finding and a decision in writing on each claim filed, stating the substance of any evidence heard by the Administrator and the reasons for the Administrator’s decision.
(ii) The decision shall be a public record.
(b) (1) If the claim is allowed, or if the Administrator waives the filing requirement in accordance with § 17–318(b) of this subtitle, the Administrator immediately shall make payment.
(2) The claim shall be paid without deduction for costs of notices or sale or for service charges.
(c) In satisfying a claim the Administrator shall pay the claimant an amount equal to the sales price obtained at the public sale.
(2) (i) If a hearing is held, the Administrator shall prepare a finding and a decision in writing on each claim filed, stating the substance of any evidence heard by the Administrator and the reasons for the Administrator’s decision.
(ii) The decision shall be a public record.
(b) (1) If the claim is allowed, or if the Administrator waives the filing requirement in accordance with § 17–318(b) of this subtitle, the Administrator immediately shall make payment.
(2) The claim shall be paid without deduction for costs of notices or sale or for service charges.
(c) In satisfying a claim the Administrator shall pay the claimant an amount equal to the sales price obtained at the public sale.
Status: in_force · Read it on the official government site
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