(A) Prior to filing a complaint of foreclosure or executing a deed in lieu of foreclosure on a residential or commercial property located in the city, a creditor shall inspect the property to determine whether the property is vacant. If the property is vacant, the creditor shall, on the same day the complaint of foreclosure is filed or the deed in lieu of foreclosure is executed, register the property as a vacant property with the Building Inspector of the city in which the property is located for the purpose of minimizing hazards to persons and property as a result of the vacancy.
(B) If a residential or commercial property becomes vacant at any time after a creditor files a complaint of foreclosure or executed a deed in lieu of foreclosure, but prior to vesting of title in the creditor or a third party, the creditor shall, within ten (10) business days after obtaining knowledge of the vacancy, register the property as a vacant property with the city.
(Ord. 03:2011, passed 2-14-11) Penalty, see § 157.99