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Ch. 59 2000 LAWS OF MARYLAND
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Article - Real Property
11B-112.1.
THE 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.
SECTION 3. AND BE IT FURTHER ENACTED, That this Act shall apply to
contracts entered into prior to, on, or after the effective date of this Act, including all
contracts in effect on or after June 8, 1995.
SECTION 4. AND BE IT FURTHER ENACTED, That Section(s) 14-1315(f) of
Article - Commercial Law of the Annotated Code of Maryland (as enacted by Section 2
of this Act) be repealed.
SECTION 3. 5. AND BE IT FURTHER ENACTED, That this Act shall apply to
all late fees provided for in contracts entered into, or in effect, on or after November
5, 1995. This Act does not apply to late fees imposed before November 5, 1995. If a late
fee was not imposed on a payment amount that was past due for goods or services
provided before the effective date of this Act July June 1, 2000, a late fee may not be
imposed on or after the effective date of this Act July June 1, 2000 on that payment
amount if that payment amount was paid before the effective date of this Act July
June 1, 2000. Further, if a late fee was imposed on a payment amount that was past
due for goods or services provided before the effective date of this Act July June 1,
2000, an additional late fee may not be imposed on or after the effective date of this
Act, July June 1, 2000 on that payment amount if the amount of the late fee
previously imposed on that payment amount is lower than the amount of the late fee
allowed under this Act.
SECTION 4. 6. AND BE IT FURTHER ENACTED, That this Act shall apply to
any case pending or filed on or after June 1, 2000, but may not be applied to any case
for which a final judgment has been rendered and for which appeals have been
exhausted prior to June 1, 2000.
SECTION 5. 7. AND BE IT FURTHER ENACTED, That if any provision of this
Act or the application thereof to any person or circumstance is held invalid for any
reason in a court of competent jurisdiction, the invalidity does not affect other
provisions or any other application of this Act which can be given effect without the
invalid provision or application, and for this purpose the provisions of this Act are
declared severable,
SECTION 6. 8. AND BE IT FURTHER ENACTED, That Section 2 of this Act
shall take effect October 1. 2000.
SECTION 9. AND BE IT FURTHER ENACTED, That Section 4 of this Act shall
take effect October 1, 2005.
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