§ 17-319

Maryland § 17-319

• Jurisdiction: Maryland
• Article gcl: Commercial Law
• Title: 17

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.