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What is NYC AC § 28-204.6.5?

Quick Answer

This section outlines the responsibilities of the Department of Finance regarding unpaid charges. If a charge is not paid within 30 days, interest will accrue at the same rate as unpaid real property taxes from the date of entry until payment is made. Applies to building owners with outstanding charges.

General informational summary. Not legal advice for your situation. Consult an attorney before acting on any specific matter.

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§ 28-204.6.5 Failure to pay charge.

AC § 28-204.6.5

If such charge is not paid within 30 days from the date of entry, it shall be the duty of the department of finance to receive interest thereon at the same rate as unpaid real property taxes, to be calculated to the date of payment from the date of entry.

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