Md. Code, Real Property § 14-117.1
This is the official text of Md. Code, Real Property § 14-117.1, part of Maryland’s Code, Real Property — governs real estate transactions and landlord-tenant law.
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§14–117.
Official statutory text
§14–117.1.
(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.
(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.
Status: in_force · Read it on the official government site
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