2011 Vermont Code
Title 24 Municipal and County Government
Chapter 87 SPECIAL ASSESSMENTS
§ 3268 Release of lien
§ 3268. Release of lien
(a) A municipality shall release a participating property owner of the lien on the property against which the assessment under this subchapter is made upon:
(1) Full payment of the value of the assessment; or
(2) Demand from a party who has filed an action for foreclosure on a participating property.
(b) If a municipality releases a participating property owner of a lien upon demand from a party who has filed an action for foreclosure and the participating property owner redeems the property, the municipality shall reinstate the lien on the property against which the assessment under this subchapter is made.
(c) Notice of the release or reinstatement of the lien shall be filed with the clerk of the municipality for recording in the land records of the municipality. (Added 2009, No. 45, { 15j, eff. May 27, 2009.)
Disclaimer: These codes may not be the most recent version. Vermont may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.