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Internal Revenue Code (Title 26 U.S.C.)

26 U.S.C. § 6337

Redemption of property

Official textgovinfo.govlast amended

# (a)

Before sale Any person whose property has been levied upon shall have the right to pay the amount due, together with the expenses of the proceeding, if any, to the Secretary at any time prior to the sale thereof, and upon such payment the Secretary shall restore such property to him, and all further proceedings in connection with the levy on such property shall cease from the time of such payment.

# (b)

Redemption of real estate after sale (1) Period The owners of any real property sold as provided in section 6335, their heirs, executors, or administrators, or any person having any interest therein, or a lien thereon, or any person in their behalf, shall be permitted to redeem the property sold, or any particular tract of such property, at any time within 180 days after the sale thereof. (2) Price Such property or tract of property shall be permitted to be redeemed upon payment to the purchaser, or in case he cannot be found in the county in which the property to be redeemed is situated, then to the Secretary, for the use of the purchaser, his heirs, or assigns, the amount paid by such purchaser and interest thereon at the rate of 20 percent per annum.

# (c)

Record When any lands sold are redeemed as provided in this section, the Secretary shall cause entry of the fact to be made upon the record mentioned in section 6340, and such entry shall be evidence of such redemption.

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Nearby sections (25 sections)
  1. 6324A · Special lien for estate tax deferred under section 6166
  2. 6324B · Special lien for additional estate tax attributable to farm,…
  3. 6325 · Release of lien or discharge of property
  4. 6326 · Administrative appeal of liens
  5. 6327 · Cross references
  6. 6330 · Notice and opportunity for hearing before levy
  7. 6331 · Levy and distraint
  8. 6332 · Surrender of property subject to levy
  9. 6333 · Production of books
  10. 6334 · Property exempt from levy
  11. 6335 · Sale of seized property
  12. 6336 · Sale of perishable goods
  13. 6337 · Redemption of property
  14. 6338 · Certificate of sale; deed of real property
  15. 6339 · Legal effect of certificate of sale of personal property and…
  16. 6340 · Records of sale
  17. 6341 · Expense of levy and sale
  18. 6342 · Application of proceeds of levy
  19. 6343 · Authority to release levy and return property
  20. 6344 · Cross references
  21. 6361 · [§§6361 to 6365. Repealed. Pub. L. 101–508, title XI,…
  22. 6401 · Amounts treated as overpayments
  23. 6402 · Authority to make credits or refunds
  24. 6403 · Overpayment of installment
  25. 6404 · Abatements
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