(a) A municipality shall release a participating property owner of the lien on the property against which the assessment under this subchapter is made upon full payment of the value of the assessment.

(b) Notice of a release of a lien for an assessment under this subchapter shall be filed with the clerk of the applicable municipality for recording in the land records of that municipality. (Added 2009, No. 45, § 15j, eff. May 27, 2009; amended 2011, No. 47, § 18f, eff. Jan. 1, 2012.)