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§ 14-117.1. Assessments on single-family residential real property in Prince George’s County

West's Annotated Code of MarylandReal PropertyEffective: October 1, 2014

West's Annotated Code of Maryland
Real Property (Refs & Annos)
Title 14. Miscellaneous Rules (Refs & Annos)
Subtitle 1. Miscellaneous Rules
Effective: October 1, 2014
MD Code, Real Property, § 14-117.1
§ 14-117.1. Assessments on single-family residential real property in Prince George’s County
Currentness
Application of section
(a) This section applies only to existing single-family residential real property in Prince George's County.
Statements relating to deferred water and sewer charges
(b) A person or entity that imposes a deferred water and sewer charge shall include with each bill a statement that includes:
(1) The amount of the annual assessment;
(2) The approximate number of payments remaining on the assessment;
(3) The amount remaining on the assessment, including interest;
(4) The name and address of the person or entity most recently responsible for collection of the assessment;
(5) The method used to compute the deferred water and sewer charge on the property;
(6) The interest rate on the assessment;
(7) The estimated payoff amount of the assessment; and
(8) A statement that payoff of the assessment is allowed without prepayment penalty.
Balance owed on deferred water and sewer assessments
(c) The balance owed on a deferred water and sewer assessment may be redeemed at the present value of the assessment.

Credits

Added by Acts 2014, c. 441, § 1, eff. Oct. 1, 2014.
MD Code, Real Property, § 14-117.1, MD REAL PROP § 14-117.1
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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