Maryland § 13-407
Full text of Maryland Maryland Code § 13-407, with citation guidance and answers to common questions.
§ 13-407.
(a) Except as provided in this section, disposition of property after forfeiture under this subtitle shall be subject to §§ 12–401, 12–402, and 12–404 of this article.
(b) The court determination under § 12–402(c) of this article shall include that the property was being used or was to be used in violation of the Mortgage Fraud law rather than the Controlled Dangerous Substances law.
(c) (1) (i) In this subsection the following words have the meanings indicated.
(ii) “Identifiable losses” include:
1. expenses necessary to:
A. discover the extent of a violation of the Mortgage Fraud law;
B. repair damages resulting from a violation of the Mortgage Fraud law, including repairing credit ratings and correcting errors in consumer reports; and
C. prevent further damages resulting from a violation of the Mortgage Fraud law; and
2. lost wages resulting from time away from work in order to rectify any fraud caused by a violation of the Mortgage Fraud law.
(iii) “Victim” includes a business that loses any thing of value as a result of a violation of the Mortgage Fraud law.
(2) Disposition of forfeited property under this subtitle shall follow the procedures in this subsection.
(3) Whenever property is forfeited under this subtitle, the governing body where the property was seized shall sell the property at public auction.
(4) The proceeds of a sale under this subsection shall be distributed as follows:
(i) first, to pay all proper expenses of the proceedings for forfeiture and sale, including expenses of seizure, maintenance of custody, advertising, and court costs;
(ii) second, for restitution as ordered by the court to victims to pay for identifiable losses resulting from the violation of the Mortgage Fraud law; and
(iii) finally, to the General Fund of the State.
Frequently Asked Questions About Maryland § 13-407
What does Maryland Code § 13-407 cover?
Section 13-407 is part of the Maryland Code, the codified statutory law of Maryland. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Maryland § 13-407?
A common citation format is "Maryland Code § 13-407" (Maryland). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Maryland law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Maryland official source linked on this page or consult a licensed Maryland attorney.
How does Maryland § 13-407 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Maryland can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Maryland.