Indiana § 36-9-37-14 Prepayment of assessment installments

Indiana Statutes

§ 36-9-37-14 — Prepayment of assessment installments

Indiana·Title 36 LOCAL GOVERNMENT·Art. 9 TRANSPORTATION AND PUBLIC WORKS·Ch. 37 Barrett Law Funding for Municipalities

(a)A property owner who has secured the right to pay the property owner's assessments in deferred installments by the filing of a waiver may, at any time after the expiration of the first year after the filing, pay the entire balance of the assessment and be relieved of the lien on the property owner's property. A property owner may not pay the property owner's entire balance under this subsection unless at the same time the property owner pays all interest due at the next interest paying period.

(b)If a person who exercises the right to prepay the person's assessment fully pays the assessment and interest, all interest and liability as to the assessed property ceases.

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(a) A property owner who has secured the
right to pay the property owner's assessments in deferred installments
by the filing of a waiver may, at any time after the expiration of the first
year after the filing, pay the entire balance of the assessment and be
relieved of the lien on the property owner's property. A property owner
may not pay the property owner's entire balance under this subsection
unless at the same time the property owner pays all interest due at the
next interest paying period.
(b) If a person who exercises the right to prepay the person's
assessment fully pays the assessment and interest, all interest and
liability as to the assessed property ceases.

Indiana § 36-9-37-14 (Prepayment of assessment installments) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.