1. A. In this subtitle, the following terms have the meanings indicated.

2. B. Terms Defined.

   1. (1) Amendment.

      1. (a) “Amendment” means a UCC record that amends the information contained in a financing statement.
      2. (b) “Amendment” includes assignments, continuations, and terminations.
   2. (2) “Assignment” means an amendment that assigns all or a part of a secured party's power to authorize an amendment to a financing statement.
   3. (3) “Continuation statement” has the meaning stated in Commercial Law Article, §9-102(27), Annotated Code of Maryland.
   4. (4) “Correction statement” means a record filed under Commercial Law Article, §9-518, Annotated Code of Maryland, indicating that a financing statement is inaccurate or wrongfully filed.
   5. (5) “File number” has the meaning stated in Commercial Law Article, §§9-102(36) and 9-519(a), Annotated Code of Maryland.
   6. (6) “Filing office” means the State Department of Assessments and Taxation.
   7. (7) “Filing office correction statement” means a statement of correction entered into the filing office's information system to correct an error by the filing office.
   8. (8) “Financing statement” has the meaning stated in Commercial Law Article, §9-102(39), Annotated Code of Maryland.
   9. (9) “Individual” means a human being, or a decedent in the case of a debtor that is the decedent's estate.
   10. (10) “Initial financing statement” means a UCC record containing the information required to be in an initial financing statement and that causes the filing office to establish the initial record of existence of a financing statement.
   11. (11) “Lapse date” means the date on which the effectiveness of a financing statement lapses under Commercial Law Article, §9-515, Annotated Code of Maryland.
   12. (12) “Organization” means a legal person who is not an individual.
   13. (13) “Record” means an initial financing statement, an amendment, an assignment, a continuation statement, a termination statement, or a correction statement.

   14. (14) Remitter.

       1. (a) “Remitter” means a person who tenders a UCC record to the filing office for filing, whether the person is a filer or an agent of a filer responsible for tendering the record for filing.
       2. (b) “Remitter” includes a service provider who acts as a filer's representative in the filing process.
       3. (c) “Remitter” does not include a person responsible merely for the delivery of the record to the filing office, such as the postal service or a courier service.
   15. (15) “Secured party of record” has the meaning stated in Commercial Law Article, §9-511, Annotated Code of Maryland.
   16. (16) “Termination statement” has the meaning stated in Commercial Law Article, §§9-102(79) and 9-513, Annotated Code of Maryland.
   17. (17) “UCC ” means the Maryland Uniform Commercial Code.

Authority: Commercial Law Article, §§9-501.1 and 9-526; Corporations and Associations Article, §§1-203(8) and 1-203.2; Annotated Code of Maryland

Effective date: July 1, 2001 (28:12 Md. R. 1112)

Regulation .04A amended effective July 4, 2016 (43:13 Md. R. 714)

Regulation .05 amended effective December 21, 2015 (42:25 Md. R. 1546)

Regulation .06 amended effective July 4, 2016 (43:13 Md. R. 714)

Regulation .07 amended effective July 4, 2016 (43:13 Md. R. 714)