§ 14-1315. Contractual late fees
West's Annotated Code of MarylandCommercial Law
MD Code, Commercial Law, § 14-1315
§ 14-1315. Contractual late fees
1. As a flat rate;
2. As a percentage of the amount due; or
3. In any other terms.
2. No more than 3 monthly late fees may be imposed for any single payment amount that is past due, regardless of the period during which the payment remains past due; or
Credits
Added by Acts 2000, c. 59, § 1, eff. June 1, 2000. Amended by Acts 2000, c. 59, § 2, eff. Oct. 1, 2000.
MD Code, Commercial Law, § 14-1315, MD COML § 14-1315
Current through legislation effective through April 25, 2024, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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