§ 7-622. Early retrieval by owner.

(a) Appraisal of vehicle.

(1) If the owner of the seized vehicle wants to repossess it before the petition is decided, the Clerk of the Circuit Court must have an appraisal made.

(2) The appraisal must be in writing, under oath, to the Clerk of the Circuit Court.

(b) Owner to submit bond.

(1) When the appraisal is filed, the owner may post a bond, payable to the City, in an amount equal to:

(i) all court costs that may accrue; plus

(ii) the greater of:

(A) the appraised value of the vehicle;

(B) the aggregate amount of the liens on the vehicle, as shown in the records required by law for the notice or perfection of liens; or

(C) $500.

(2) The bond must have security approved by the Clerk and be conditioned for performance on the final judgment of the Circuit Court. If a petition for forfeiture has been filed, the bond must be filed in the Circuit Court for Baltimore City.

(c) Judgment on bond.

If the court directs that the vehicle be forfeited, judgment may be entered against the obligors on the bond, without further or other proceeding, to be discharged by the payment of the appraised value of the vehicle and court costs, on which judgment execution may be issued.