HARRY HUGHES, Governor

445

In subsection (e)(3)(ii) of this section, the phrase
"may sue" is substituted for the former reference to
"shall be recoverable ... by action at law", for
clarity.

In subsection (e)(4) of this section, the specific
reference to "§ 3-101 of the Real Property Article" is
substituted for the former, general reference to "any
lease not required by law to be recorded", for
clarity.

In subsection (f)(1) of this section, the introductory
clause "[e]xcept as provided in paragraph (4) of this
subsection" is added to reference the alternate method
of calculating the tax for consumer borrowers.

In subsection (f)(2) of this section, the requirement
for filing with the Department is added for clarity to
fill in a gap in the former law.

In subsection (f)(4) of this section, the phrase "if
the borrower under paragraph (1) of this subsection"
is added for clarity.

Also in subsection (f)(4) of this section, the
reference to the debt "however expressed ... without
regard to the amount of secured debt actually
incurred" is substituted for the former reference to
"whether expressed as the aggregate principal amount
or the maximum credit line", for clarity.

Also in subsection (f)(4) of this section, the former
reference that the "total tax liability shall be
satisfied by payment of tax based on the aggregate
principal sum, whether expressed as the aggregate
principal amount or the maximum credit line" is
deleted as superfluous.

In the introductory language of subsection (f)(5) of
this section, the word "lender" is substituted for the
former reference to "secured party", for clarity.

In subsection (f)(5)(i) of this section, the phrase
"may pay the recordation tax either under paragraphs.
(1) and (2) or paragraph (4) of this subsection" is
substituted for the former reference to the "2
optional methods available under this section for the
payment of taxes'", for clarity. Similarly, in
subsection (f)(5)(ii) of this section, the references
to the "consumer borrower elects to pay the
recordation tax ... under paragraph (2) of this
subsection" and "the consumer borrower is responsible"
are substituted for the former references to the
"debtor elects to pay any required tax as debt is