Maryland Code, COURTS AND JUDICIAL PROCEEDINGS 11-107
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Terms Used In Maryland Code, COURTS AND JUDICIAL PROCEEDINGS 11-107
- Personal property: All property that is not real property.
(a) Except as provided in § 11-106 of this subtitle, the legal rate of interest on a judgment shall be at the rate of 10 percent per annum on the amount of judgment.
(b) The legal rate of interest on a money judgment for rent of residential premises shall be at the rate of 6 percent per annum on the amount of the judgment.
(c) The legal rate of interest on a money judgment for delinquent real or personal property taxes shall be the greater of:
(1) The sum of the rates fixed under §§ 14-603 and 14-702 of the Tax – Property Article for interest and penalties; or
(2) At the rate of 10 percent per annum.