Section 36-9-37-19 - Notice of default on installment payments(a) If a person defaults in the payment of a waivered installment of principal or interest of an assessment, the municipal fiscal officer shall mail notice of the default to the person. The notice must meet the following conditions: (1) Be mailed not more than sixty (60) days after the default.(2) Show the amount of the default, plus interest on that amount for the number of months the person is in default at one-half (1/2) the rate prescribed by IC 6-1.1-37-9(b).(3) State that the amount of the default, plus interest, is due by the date determined as follows: (A) If the person selected monthly installments under section 8.5(a)(2) of this chapter, within sixty (60) days after the date the notice is mailed.(B) If the person selected annual installments under section 8.5(a)(1) of this chapter, within six (6) months after the date the notice is mailed.(b) A notice that is mailed to the person in whose name the property is assessed and addressed to the person within the municipality is sufficient notice. However, the fiscal officer shall also attempt to determine the name and address of the current owner of the property and send a similar notice to the current owner.(c) Failure to send the notice required by this section does not preclude or otherwise affect the following: (1) The sale of the property for delinquency as prescribed by IC 6-1.1-24.(2) The foreclosure of the assessment lien by the bondholder.(3) The preservation of the assessment lien under section 22.5 of this chapter.As added by P.L. 98-1993, SEC.8. Amended by P.L. 172-1994, SEC.2; P.L. 45-2004, SEC.2; P.L. 67-2006, SEC.16; P.L. 113-2010, SEC.156.