§ 7A-2. Election of installment payments.

(a) In general.

The local portion of the real property taxes that will become due on any eligible property may be paid in a monthly installment payment schedule as authorized in State Tax-Property Article § 10-208 {"Installment payment schedule"}.

(b) To be eligible for election of installment payments under this action {section}, a property:

(1) shall be liable for payment of taxes under § 5-101 {"Persons liable"} of the Tax-Property Article of the Maryland Code; and

(2) may not be subject to a deed of trust, a mortgage, or any other encumbrance that includes the escrowing of property tax payments.

(c) Term.

The term of any installment plan under this subtitle must comply with the State Tax-Property Article.