Indiana Code 36-9-36-40. Assessment liens
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Sec. 40. (a) The unit has a lien against each parcel of real property that is assessed for:
(2) the taking of lands for any purpose of the unit.
(1) the construction, maintenance, or repair of an improvement; or
Terms Used In Indiana Code 36-9-36-40
- Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
- Lien: A claim against real or personal property in satisfaction of a debt.
(b) The lien is established when the assessments are certified to the disbursing officer for collection. The unit may bring a foreclosure action to enforce the lien against a person who defaults in payment of the assessment.
As added by P.L.98-1993, SEC.7.