Section 14-202 - Creation of lien by contract. - Maryland Statutes

§ 14-202. Creation of lien by contract.
 

(a)  In general.- A lien on property may be created by a contract and enforced under this subtitle if: 

(1) The contract expressly provides for the creation of a lien; and 

(2) The contract expressly describes: 

(i) The party entitled to establish and enforce the lien; and 

(ii) The property against which the lien may be imposed. 

(b)  Lien as security.- A lien may only secure the payment of: 

(1) Damages; 

(2) Costs of collection; 

(3) Late charges permitted by law; and 

(4) Attorney's fees provided for in a contract or awarded by a court for breach of a contract. 
 

[1985, ch. 736; 1986, ch. 5, § 1.]