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NYC Administrative Code

§ 28-112.9.4 — Interest.

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What is NYC AC § 28-112.9.4?

Quick Answer

This section establishes that the Department of Finance is responsible for collecting interest on unpaid charges at a rate of 15 percent per annum, calculated from the date of entry until payment is made. Applies to property owners with outstanding financial obligations to the city.

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

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§ 28-112.9.4 Interest.

AC § 28-112.9.4

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 rate of 15 percent per annum, to be calculated to the date of payment from the date of entry.

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