Current with changes from the 2024 Legislative Session
Section 12-501 - Lienholder sale of seized property(a) Before exercising the right to sell property that has been seized under this title, a lienholder shall give to the forfeiting authority: (1) written notice of the intention to sell;(2) copies of documents giving rise to the lien;(3) an affidavit under oath by the lienholder:(i) stating that the underlying obligation is in default; and(ii) stating the reasons for the default.(b) On request of the lienholder, the forfeiting authority shall release the property to the lienholder.