Maryland Statutes
Subtitle 1 - Miscellaneous Rules
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.

Structure Maryland Statutes