Late Fee Penalty. The State Board shall assess a late filing fee of $10 for each day or part of a day that the statement of contributions is overdue. Maximum Fee. The maximum fee assessed under §A of this regulation is $500. Election Law Article, §2-102(b)(4); General Provisions Article, §5-716; Annotated Code of Maryland Effective date: September 12, 2016 (43:18 Md. R. 1018)