(a) 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.
(b) Notwithstanding subsection (a) of this section, except as provided in § 8–201.1 of this title, for any calendar year in which Table F is applicable under § 8–612(d)(6) of this subtitle, a contribution or reimbursement payment that is due and unpaid shall accrue interest at the rate of 0.5% 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.
Structure Maryland Statutes
Title 8 - Unemployment Insurance
Part IV - Enforcement and Collection
Section 8-625 - Employment Records
Section 8-626 - Contribution and Employment Reports
Section 8-626.1 - Social Security, Unemployment Insurance, and Date of Employment Reports
Section 8-627 - Separation Notices
Section 8-628 - Accrual Interest
Section 8-629 - Collection by Assessment
Section 8-630 - Collection by Suit
Section 8-631 - Disposition of Interest and Penalties Collected
Section 8-632 - Injunction Against Doing Business
Section 8-633 - Action Against Purchaser of Business
Section 8-634 - Priorities Under Dissolution or Distribution