Md. Code Regs. 18.14.01.03

Current through Register Vol. 51, No. 12, June 14, 2024

Section 18.14.01.03 - Duties and Responsibilities

A. The duties and responsibilities of the filing office with respect to the administration of the UCC are ministerial. In accepting for recordation or refusing to record a financing statement pursuant to this subtitle, the filing office does not:

(1) Determine the legal sufficiency or insufficiency of a record;

(2) Determine that a security interest in collateral exists or does not exist;

(3) Determine that information in the record is correct or incorrect, in whole or in part; or

(4) Create a presumption that information in the record is correct or incorrect, in whole or in part.

B. The responsibility for the legal effectiveness of a financing statement filing rests with the filers and remitters, and the filing office bears no responsibility for effectiveness.

C. The State and the filing office and their employees and agents are immune from liability that occurs as a result of errors in or omissions from information provided from the UCC information management system or any other errors or omissions with respect to financing statement filings.

Md. Code Regs. 18.14.01.03