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§ 1-206. Failure to timely comply

West's Annotated Code of MarylandBusiness Regulation

West's Annotated Code of Maryland
Business Regulation (Refs & Annos)
Title 1. Definitions; General Provisions (Refs & Annos)
Subtitle 2. General Provisions (Refs & Annos)
MD Code, Business Regulation, § 1-206
§ 1-206. Failure to timely comply
(a) A person who must have a license issued by the Department under this article but does not get the license on time shall pay, in addition to the required license fee, a late fee.
(b) The late fee shall be the sum of:
(1) up to 20% of the required license fee for the calendar month following the calendar month when the required license fee is due; and
(2) up to 4% of the required license fee for each calendar month or part of a month after that.

Credits

Added by Acts 1992, c. 4, § 2.
Formerly Art. 56, § 10.
MD Code, Business Regulation, § 1-206, MD BUS REG § 1-206
Current through legislation effective through May 9, 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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