Section 8-628 - Accrual interest [Subject to amendment effective January 1, 2012]. - Maryland Statutes

§ 8-628. Accrual interest [Subject to amendment effective January 1, 2012; amended version follows this section].
 

Except as provided in § 8-201.1 of this title, a contribution or reimbursement payment that is due and unpaid shall accrue interest at the rate of 1.5% per month or part of a month from the date on which it is due until the Secretary receives the contribution or payment in lieu of contributions and the interest. 
 

[An. Code 1957, art. 95A, §§ 8, 15; 1991, ch. 8, § 2; 1992, ch. 59; 2009, ch. 188.]