New Jersey Revised Statutes § 40:14b-41 - Interest On Unpaid Service Charges

40:14B-41. Interest on unpaid service charges
In the event that a service charge of any municipal authority with regard to any parcel of real property shall not be paid as and when due, interest shall accrue and be due to the municipal authority on the unpaid balance at the rate of 1 1/2 % per month until such service charge, and the interest thereon, shall be fully paid to the municipal authority.

L.1957, c. 183, p. 666, s. 41, eff. Aug. 22, 1957. Amended by L.1981, c. 530, s. 2, eff. Jan. 12, 1982.

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Last modified: October 11, 2016