§ 9-20D-08. Collection of payments under regulated sustainable energy contracts
West's Annotated Code of MarylandState GovernmentEffective: July 1, 2013
Effective: July 1, 2013
MD Code, State Government, § 9-20D-08
§ 9-20D-08. Collection of payments under regulated sustainable energy contracts
(a)(1) Subject to subsection (c) of this section, a qualified contractor may collect payments under a regulated sustainable energy contract that are in arrears, including the principal, interest, late charges, costs of collection, and reasonable attorney's fees, by the imposition of a lien on property that is subject to the contract in accordance with the Maryland Contract Lien Act, Title 14, Subtitle 2 of the Real Property Article.
(b) If a property subject to a regulated sustainable energy contract is foreclosed under Title 7, Subtitle 1 of the Real Property Article, any deficiency due as a result of a lien arising from the regulated sustainable energy contract shall be:
(c)(1) If a party that holds a recorded mortgage or deed of trust on a property subject to a regulated sustainable energy contract acquires the property through foreclosure, the party may not be charged for any amount due on the regulated sustainable energy contract.
Credits
Added by Acts 2013, c. 625, § 1, eff. July 1, 2013.
MD Code, State Government, § 9-20D-08, MD STATE GOVT § 9-20D-08
Current with all legislation from the 2023 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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