Current with changes from the 2021 Legislative Session through Ch. 42
Section 14-117.1 - Deferred Water and Sewer Charges Homeowner Disclosure Act of 2014 - Prince George's County(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.Added by 2014 Md. Laws, Ch. 441,Sec. 1, eff. 10/1/2014.