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§ 14-117.1. Deferred Water and Sewer Charges Homeowner Disclosure Act of 2014 -- Prince George's County.

MD Real Prop Code § 14-117.1 (2019) (N/A)
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(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.

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