Section 12-504 - Redemption of interest or repossession of property. - Maryland Statutes

§ 12-504. Redemption of interest or repossession of property.
 

(a)  Notice of redemption.- If the interest of the owner in property that has been seized under this title is redeemed, the lienholder shall mail a notice of the redemption to the forfeiting authority within 10 days after the redemption. 

(b)  Property returned to seizing authority before forfeiture.-  

(1) If property that has been seized under this title has been repossessed or otherwise lawfully taken by the lienholder, the lienholder shall return the property to the seizing authority within 21 days after the redemption. 

(2) The seizing authority and the forfeiting authority may then proceed with the forfeiture of the property or the proceeds from the sale of the property. 

(c)  Time limitations.- Time limitations required under this title for notice and filing of the complaint for forfeiture run from the date of redemption or purchase of the property that has been seized under this title. 
 

[An. Code 1957, art. 27, § 297(r)(5); 2001, ch. 10, § 2.]