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§ 11B-112.1. Late charges

West's Annotated Code of MarylandReal Property

West's Annotated Code of Maryland
Real Property (Refs & Annos)
Title 11b. Maryland Homeowners Association Act (Refs & Annos)
MD Code, Real Property, § 11B-112.1
§ 11B-112.1. Late charges
The declaration or bylaws of a homeowners association may provide for a late charge of $15 or one-tenth of the total amount of any delinquent assessment or installment, whichever is greater, provided the charge may not be imposed more than once for the same delinquent payment and may be imposed only if the delinquency has continued for at least 15 calendar days.

Credits

Added by Acts 2000, c. 59, § 3, eff. June 1, 2000. Amended by Acts 2001, c. 288, § 1, eff. Oct. 1, 2001.
MD Code, Real Property, § 11B-112.1, MD REAL PROP § 11B-112.1
Current with emergency effective legislation through chapter 55 from the 2021 Regular Session of the General Assembly.
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