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Ch. 298 2002 LAWS OF MARYLAND
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SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take
effect July 1, 2002.
Approved May 6, 2002.
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CHAPTER 298
(Senate Bill 119)
AN ACT concerning
Commercial Law - Dishonored Instruments - Notice of Dishonor
FOR the purpose of requiring a holder of a dishonored instrument to certify mailing of
a notice of dishonor to the maker or drawer by executing an affidavit of service;
and generally relating to notice of dishonored instruments.
BY repealing and reenacting, with amendments,
Article - Commercial Law
Section 15-802
Annotated Code of Maryland
(2000 Replacement Volume and 2001 Supplement)
SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:
Article - Commercial Law
15-802.
(a) When a check or other instrument has been dishonored by nonacceptance
or nonpayment and has not been paid within 10 days, the holder to whom the check
or other instrument was issued or negotiated may send a notice of dishonor to the
maker or drawer as provided under this section.
(b) If a check or other instrument has not been paid within 30 days after the
holder has sent a notice of dishonor to the maker or drawer, the maker or drawer of a
check or other instrument that has been dishonored shall be liable for:
(1) The amount of the check or instrument;
(2) A collection fee of up to $35; and
(3) An amount up to 2 times the amount of the check, but not more than
$1,000.
(c) (1) (i) The holder of a check or other instrument that has been
dishonored may seek the damages provided under this section in any District Court of
the State 30 days after a notice of dishonor has been sent by mail to the last known
address of the maker or drawer.
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