For purposes of this section the terms “mortgage”, “mortgagee”, and “vacant” shall be defined as provided in Section 13-12-126(e).
recorded assignment of the mortgagee’s mortgage;
recorded satisfaction or release of the mortgagee’s mortgage;
recorded conveyance of title to the underlying real estate, pursuant to foreclosure proceedings or otherwise:
the building ceases to be vacant; or
the building is demolished with all permits required by this Code.
Within 20 days of termination pursuant to this section, a mortgagee shall notify the department of buildings on a form provided by the department of buildings for such purpose.
(Added Coun. J. 11-2-11, p. 11801, § 2)