Indiana § 36-9-37-14 - Prepayment of assessment installments
Full text of Indiana Indiana Code § 36-9-37-14 — Prepayment of assessment installments, with citation guidance and answers to common questions.
§ 36-9-37-14. Prepayment of assessment installments
Sec. 14. (a) With respect to a property owner who has secured the right to pay the property owner's assessments in deferred installments by the filing of a waiver, the municipal works board shall establish a policy to permit an owner of real property in the municipality to prepay the property owner's assessment in full by either of the following methods:
(1) At any time after the expiration of the first year after the filing, pay the entire balance of the assessment and be relieved of the lien on the property owner's property. A property owner may not pay the property owner's entire balance under this subsection unless at the same time the property owner pays all interest due at the next interest paying period.
(2) At any time, including within the year of the filing, pay the entire balance of the assessment and be relieved of the lien on the property owner's property. A property owner may not pay the property owner's entire balance under this subsection unless at the same time the property owner pays all interest due at the next interest paying period.
(b) If a person who exercises the right to prepay the person's assessment fully pays the assessment and interest, all interest and liability as to the assessed property ceases.
As added by P.L.98-1993, SEC.8. Amended by P.L.157-2026, SEC.281.
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 36-9-37-14
What does Indiana Code § 36-9-37-14 cover?
Section 36-9-37-14 ("Prepayment of assessment installments") is part of the Indiana Code, the codified statutory law of Indiana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Indiana § 36-9-37-14?
A common citation format is "Indiana Code § 36-9-37-14" (Indiana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Indiana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Indiana official source linked on this page or consult a licensed Indiana attorney.
How does Indiana § 36-9-37-14 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Indiana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Indiana.