5094

In all those cases in which real or personal property secures a loan and the taxpayer is bound to periodically deposit the taxes to be paid on that property with the creditor, the creditor must pay in full said taxes within the shortest term the accrued amount allows and thus obtain the highest discount possible for the benefit of the taxpayer, or he/she shall be liable to him/her for a sum equal to three (3) times the discount that he/she failed to obtain.\nHistory —Aug. 30, 1991, No. 83, § 3.44.