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§ 14-215. Stay of proceedings for repossession or sale of motor vehicle or tractor

West's Annotated Code of MarylandPublic Safety

West's Annotated Code of Maryland
Public Safety (Refs & Annos)
Title 14. Emergency Management (Refs & Annos)
Subtitle 2. Civil Relief During Emergency Periods (Refs & Annos)
MD Code, Public Safety, § 14-215
Formerly cited as MD CODE Art. 16A, § 25
§ 14-215. Stay of proceedings for repossession or sale of motor vehicle or tractor
In general
(a) Except if a court finds that 50% or more of the purchase price of a motor vehicle, tractor, or the accessories of a motor vehicle or tractor has been paid, a court may not stay a proceeding to resume possession of or to order the sale of a motor vehicle, tractor, or the accessories of a motor vehicle or tractor that is encumbered by a purchase money mortgage, conditional sales contract, or a lease or bailment with an option to purchase.
Authorization to require bond
(b) Before entering an order or judgment in a proceeding to resume possession of or to order the sale of a motor vehicle, tractor, or the accessories of a motor vehicle or tractor, the court may require the plaintiff to file a bond approved by the court to indemnify the defendant, if the defendant is a person in emergency management service or person suffering injury or damage, against any loss or damage that the defendant may suffer because of the judgment or order if all or part of the judgment or order is set aside.

Credits

Added by Acts 2003, c. 5, § 2, eff. Oct. 1, 2003.
MD Code, Public Safety, § 14-215, MD PUBLIC SAFETY § 14-215
Current through all legislation from the 2022 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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