Creation of lien by contract

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    (a)    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)    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.


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