Unannotated Code of Maryland (Last Updated: May 16, 2014) |
BUSINESS REGULATION |
TITLE 1. DEFINITIONS; GENERAL PROVISIONS |
SUBTITLE 2. GENERAL PROVISIONS |
§ 1-206. Failure to get license from Department in timely manner
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(a) In general. -- A person who must have a license issued by the Department under this article but does not get the license on time shall pay, in addition to the required license fee, a late fee.
(b) Amount of late fee. -- The late fee shall be the sum of:
(1) up to 20% of the required license fee for the calendar month following the calendar month when the required license fee is due; and
(2) up to 4% of the required license fee for each calendar month or part of a month after that.