§ 14-117-1

(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.