11-42a-305. Release and discharge of energy assessment lien — Notice of dissolution of energy assessment area.
(1) |
Terms Used In Utah Code 11-42a-305- Lien: A claim against real or personal property in satisfaction of a debt.
- Property: includes both real and personal property. See Utah Code 68-3-12.5
(a) |
Upon payment in full of an assessment on a parcel of property, the local entity or third-party lender, in the event the local entity has assigned the energy assessment lien to the third-party lender, shall file a release and discharge of the energy assessment lien on the property in the office of the recorder of the county where the property is located. |
(b) |
The local entity or third-party lender shall ensure that each release and discharge under Subsection (1)(a):
(i) |
includes a legal description of the affected property; and |
(ii) |
complies with other applicable requirements for recording a document. |
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(2) |
(a) |
Upon payment in full of all assessments levied within an energy assessment area, or upon providing for payment in full, the local entity or third-party lender, in the event the local entity has assigned the energy assessment lien to the third-party lender, shall file a notice of the dissolution of the energy assessment area in the office of the recorder of the county where the property within the energy assessment area is located. |
(b) |
The local entity or third-party lender shall ensure that each notice under Subsection (2)(a):
(i) |
includes a legal description of the property assessed within the energy assessment area; and |
(ii) |
complies with all other applicable requirements for recording a document. |
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Enacted by Chapter 470, 2017 General Session