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Statutes Text

Article - Commercial Law




§17–319.

    (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.



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