1826                                        LAWS OF MARYLAND                                    Ch. 475

SUFFICIENT MONEY TO PAY SUCH CHECK OR INSTRUMENT IN FULL AND A

COLLECTION FEE OF $10 $25. IF PAYMENT OF THE ABOVE AMOUNTS IS
NOT MADE WITHIN 10 DAYS OF THE MAILING OF THIS NOTICE OF

DISHONOR, YOU MAY BE PROSECUTED UNDER THE MARYLAND CRIMINAL CODE

(ARTICLE 27, SECTION 140 THROUGH 144) AND SUBJECT TO THE

FOLLOWING PENALTIES:

(A)  IF THE PROPERTY OR SERVICES HAS A VALUE OF $300
OR MORE, A FINE NOT EXCEEDING $1,000 OR IMPRISONMENT NOT
EXCEEDING 15 YEARS, OR BOTH;

(B)  IF THE PROPERTY OR SERVICES HAS A VALUE OF LESS
THAN $300, A FINE NOT EXCEEDING $100 OR IMPRISONMENT NOT
EXCEEDING 18 MONTHS, OR BOTH,"

(2) THE HOLDER TO WHOM A CHECK OR OTHER INSTRUMENT IS
ISSUED SHALL POST A CLEARLY CONSPICUOUS NOTICE AT " OR NEAR THE
POINT OF RECEIPT STATING THE LIABILITY OF THE MAKER OR DRAWER FOR
THE COLLECTION FEE PROVIDED IN § 3-512 OF THIS SUBTITLE AND
CRIMINAL PENALTIES PROVIDED IN ARTICLE 27, SECTION 143 OF THE
CODE.

3-514.

+

(1)  NOTWITHSTANDING ANY OTHER PROVISIONS OF THIS ARTICLE,
§§ 3-512 AND 3-513 OF THIS SUBTITLE DO NOT APPLY TO ANY CHECK
TENDERED BY A MAKER OR DRAWER IN COMPLETE OR PARTIAL SATISFACTION
OF A PREEXISTING CREDIT OR LOAN OBLIGATION INCURRED BY THE MAKER
OR DRAWER UNDER TITLE 12 OF THIS ARTICLE.

L

(2)  NOTWITHSTANDING ANY OTHER PROVISION OF THIS ARTICLE, §§
3-512 AND 3-513 OF THIS SUBTITLE SHALL BE CONSTRUED TO GRANT THE
HOLDER TO WHOM THE CHECK OR OTHER INSTRUMENT WAS ISSUED A RIGHT

OF RECOURSE WHICH IS ALTERNATIVE TO ANY OTHER RIGHT OF RECOURSE
GRANTED TO THAT HOLDER UNDER THIS SUBTITLE.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall

take effect July 1, 1986.
Approved May 13, 1986.