Common use of Filing of notice of lien; interest Clause in Contracts

Filing of notice of lien; interest. costs. The municipal officers or their designee shall file a notice of the lien under subsection 4 with the register of deeds of the county in which the property is located within 30 days of providing for basic necessities. That filing secures the municipality's lien interest for an amount equal to the costs recoverable pursuant to this section. Not less than 10 days prior to the filing, the municipal officers or their designee shall send notification of the proposed action by certified mail, return receipt requested, to the owner of the real estate and any record holder of the mortgage. The lien notification must contain the title, address and telephone number of the municipal officer or officers who authorized the provision of basic necessities, an itemized list of the costs to be recovered by lien and the provisions of this subsection regarding interest rates and costs. The lien is effective until enforced by an action for equitable relief or until discharged. Interest on the amount of money secured by the lien may be charged by the municipality at a rate determined by the municipal officers but in no event may the rate exceed the maximum rate of interest allowed by the Treasurer of State pursuant to Title 36, section 186. Interest accrues from and including the date the lien is filed. The costs of securing and enforcing the lien are recoverable upon enforcement. [PL 2009, c. 566, §15 (AMD).] SECTION HISTORY PL 2009, c. 135, §1 (NEW). PL 2009, c. 566, §15 (AMD). SECTION HISTORY PL 1983, c. 480, §A10 (RAL). PL 1987, c. 770, §§1-3 (AMD). PL 1989, c. 245, §6 (RP).

Appears in 5 contracts

Samples: Rental Agreement, Rental Agreement, Rental Agreement

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