Md. Code Regs. 20.59.08.04

Current through Register Vol. 51, No. 22, November 1, 2024

Section 20.59.08.04 - Late Payment Charges

A. A supplier shall only charge a late fee if it is specified in the customer's contract.

B. A supplier may not charge a late fee in excess of 5 percent.

Regulation .04 adopted effective 43:5 Md. R. 387, eff.3/14/2016; recodified from .03 effective 46:5 Md. R. 310, eff. 3/11/2019; recodified from .03 effective 46:5 Md. R. 310, eff. 3/11/2019; recodified from .03 effective 46:5 Md. R. 310, eff. 3/11/2019; amended and recodified to 20.59.10.04 effective 49:5 Md. R.367, eff. 3/7/2022