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Current as of December 31, 2021 | Updated by FindLaw Staff
(a) This section applies only to existing single-family residential real property in Prince George's County.
(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.
(c) The balance owed on a deferred water and sewer assessment may be redeemed at the present value of the assessment.
Cite this article: FindLaw.com - Maryland Code, Real Property § 14-117.1 - last updated December 31, 2021 | https://codes.findlaw.com/md/real-property/md-code-real-prop-sect-14-117-1/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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