(A)   If a residential property becomes or remains vacant as provided in this subchapter, but prior to vesting of title in the lender/mortgagee or any third party, and the Building Inspector determines the property is in violation of the city’s nuisance or property maintenance ordinance, the Building Inspector shall notify the lender/mortgagee of the violation by providing notice of the violation by certified mail, return receipt requested, to the person identified in the registration application, and shall require the creditor to correct the violation to the extent consistent with the terms of the mortgage.
   (B)   A Building Inspector that requires a lender/mortgagee to correct a violation pursuant to this subchapter shall include a description of the conditions that give rise to the violation with the notice of violation and shall provide a period of not less than 20 days from the mailing of the notice for the lender/mortgagee to remedy the violation.  If the lender/mortgagee fails to remedy the violation within the stated period the local government may issue a citation and impose penalties against the creditor for violation of the applicable ordinance.  The violation for failure to comply shall be subject to a fine of $250 payable to the City of Richmond for each day of delinquency.
(Ord. 12-15, passed 5-22-12)