Section 5-574 - Premiums and fees. - Maryland Statutes

§ 5-574. Premiums and fees.
 

(a)  In general.- In its sole discretion, the Authority may set: 

(1) the premiums and fees for providing bonding assistance under the Program; and 

(2) the terms and conditions when the premiums and fees are payable. 

(b)  Variability.- The premiums and fees may vary in amount among transactions and at different stages of a transaction. 

(c)  Period of effectiveness.- A determination by the Authority on premiums and fees remains effective for as long as the bonding assistance provided by the Authority is in effect. 
 

[An. Code 1957, art. 83A, § 5-1039; 2008, ch. 306, § 2.]