Section 558-A - Liability for failure to pay prorated property taxes1.Civil action authorized. If after a real estate closing in which the parties have prorated property taxes pursuant to section 558, any party knowingly fails to pay that party's share of the taxes, which results in a lien being filed, any other party to the transaction who pays the taxes that are owed by the delinquent party may recover in a civil action from the delinquent party the amount of unpaid taxes, costs incurred in releasing the lien and reasonable attorney's fees. [2007, c. 687, §1(NEW).]
2.Effect on credit rating. If a party prevails in an action filed under subsection 1 and a record of a lien in that party's name has been placed in that party's file with a consumer reporting agency, that lien must be considered inaccurate information under 15 United States Code, Section 1681i if the party requesting relief submits a copy of the court judgment and proof of payment of the lien to the consumer reporting agency. [2013, c. 588, Pt. C, §19(AMD).]
Amended by 2014, c. 588,§ C-19, eff. 4/30/2014.2007, c. 687, § 1 (NEW) .