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§ 11B-114. Electronic payment fees

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-114
§ 11B-114. Electronic payment fees
Electronic payment defined
(a) In this section, “electronic payment” means payment by credit card or debit card.
In general
(b) A homeowners association may require a person from whom payment is due to pay a reasonable electronic payment fee if the person elects to pay the homeowners association by means of electronic payment.
Amount of fee
(c) An electronic payment fee may not exceed the amount of any fee that may be charged to the homeowners association in connection with use of the credit card or debit card.
Notice of fee on bills or invoices
(d) If a homeowners association elects to charge an electronic payment fee under this section, the homeowners association shall specify on or include notice with each bill and other invoices for which electronic payment is authorized that an electronic payment fee will be charged.

Credits

Added by Acts 2005, c. 529, § 2, eff. Oct. 1, 2005.
MD Code, Real Property, § 11B-114, MD REAL PROP § 11B-114
Current with emergency effective legislation through chapter 55 from the 2021 Regular Session of the General Assembly.
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