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(b)    (1)   If the contract is with an owner, the owner shall:

(i)   If the contract does not provide for specific dates or times of payment, pay to the contractor undisputed amounts owed under the terms of the written contract, within the earlier of:

1.   30 days after the day on which the occupancy permit is granted; or

2.   30 days after the day on which the owner or the owner’s agent takes possession; or

(ii)   If the contract provides for specific dates or times of payment, pay to the contractor undisputed amounts owed within 7 days after the date or time specified in the contract.

(2)   Paragraph (1) of this subsection does not apply to any contract between the contractor and:

(i)   The State;

(ii)   A county;

(iii)   A municipal corporation;

(iv)   A board of education; or

(v)   A public authority or instrumentality.

(3)   If the contract is not with an owner, the contractor or subcontractor shall pay undisputed amounts owed to its subcontractors within 7 days after receipt by the contractor or subcontractor of each payment received for its subcontractors’ work or materials.

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Maryland Code > Real Property