sec.74WCivil penalty for nonpayment of annual rent

### sec.74W Civil penalty for nonpayment of annual rent If the holder does not pay the annual rent as required under section 46 or 74N , the holder must also pay the State a civil penalty. The amount of the penalty is 15% of the rent. The penalty— must be paid on the day after the last day for payment of the rent; and is still payable even if the holder later pays the rent. s 74W ins 2004 No. 26 s 46 (sec.74W-ssec.1) If the holder does not pay the annual rent as required under section 46 or 74N , the holder must also pay the State a civil penalty. (sec.74W-ssec.2) The amount of the penalty is 15% of the rent. (sec.74W-ssec.3) The penalty— must be paid on the day after the last day for payment of the rent; and is still payable even if the holder later pays the rent. - (a) must be paid on the day after the last day for payment of the rent; and - (b) is still payable even if the holder later pays the rent.