California Streets and Highways Code 8665.5 – The notice of assessment recorded with the county recorder pursuant …
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The notice of assessment recorded with the county recorder pursuant to Section 3114 shall include the following statement:
Notice is further given that unpaid assessments are subject to interest at a variable interest rate.
Terms Used In California Streets and Highways Code 8665.5
- County: includes "city and county. See California Streets and Highways Code 14
- Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. Source: OCC
(Added by Stats. 1985, Ch. 1332, Sec. 7. Effective October 1, 1985.)