Section 12-501 - Lienholder sale of seized property. - Maryland Statutes

§ 12-501. Lienholder sale of seized property.
 

(a)  Notice required.- Before exercising the right to sell property that has been seized under this title, a lienholder shall give to the forfeiting authority: 

(1) written notice of the intention to sell; 

(2) copies of documents giving rise to the lien; 

(3) an affidavit under oath by the lienholder: 

(i) stating that the underlying obligation is in default; and 

(ii) stating the reasons for the default. 

(b)  Release of property on request.- On request of the lienholder, the forfeiting authority shall release the property to the lienholder. 
 

[An. Code 1957, art. 27, § 297(r)(2); 2001, ch. 10, § 2.]