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

Indiana Statutes

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

Indiana § 36-9-37-14

Title 36LOCAL GOVERNMENT

Art. 9TRANSPORTATION AND PUBLIC WORKS

Ch. 37Barrett Law Funding for Municipalities

This text of Indiana § 36-9-37-14 (Prepayment of assessment installments) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 36-9-37-14 (2026).

Text

(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.