Md. Code, Real Property § 11B-112.1
This is the official text of Md. Code, Real Property § 11B-112.1, part of Maryland’s Code, Real Property — governs real estate transactions and landlord-tenant law.
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§11B–112.
Official statutory text
§11B–112.1.
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.
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.
Status: in_force · Read it on the official government site
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