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New Jersey Statutes Annotated (Tax)

N.J.S.A. § 54:5-134

Transfer of municipal lien

Official textlis.njleg.state.nj.uslast amended

5. a. No municipal lien shall be transferred to a joint municipal lien fund unless the record owner of the property subject to the lien has first been sent notice, by regular and certified mail, of the intended transfer and been given an opportunity to redeem the lien at least 10 days prior to the transfer.

b. A municipal lien transferred to a joint municipal lien pool shall remain the property of the municipality transferring the lien until actually sold by the pool. Joint municipal lien pools shall not own or foreclose upon municipal liens. The sale or arrangement for use as collateral for a bond or note of a municipal lien shall not affect redemption rights or the existing foreclosure process.

L.1997,c.274,s.5.

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In this chapter (40 sections)
  1. 54:5-114.5. · Extension of time for recording judgment; failure to…
  2. 54:5-114.6. · Failure to foreclose equity and record judgment
  3. 54:5-114.7. · Tax sale certificate not to be delivered before final…
  4. 54:5-114.8. · Action to bar right of redemption; redemption by payment…
  5. 54:5-114.9. · Cancellation of tax sale certificate
  6. 54:5-115. · Certain sales confirmed; subsequent liens continued
  7. 54:5-116. · Lands acquired at tax sale; exchange for park lands
  8. 54:5-121. · Conveyance or transfer of lands to state for use as forest…
  9. 54:5-122. · Release of obligation to collect taxes, etc.; exemption…
  10. 54:5-123. · Right of redemption
  11. 54:5-124. · Amount required to redeem
  12. 54:5-126a. · Conveyance of land not suitable for forest park…
  13. 54:5-126b. · Redemption of land from municipality; amount
  14. 54:5-127. · Transfer to county for park purposes of lands acquired at…
  15. 54:5-128. · Redemption after transfer of lands to county for park…
  16. 54:5-129. · Foreclosure by county of right to redeem
  17. 54:5-130 · Creation of joint municipal lien pool permitted
  18. 54:5-131 · Powers of joint municipal lien pool
  19. 54:5-132 · Municipal liens defined; exceptions
  20. 54:5-133 · Laws applicable to operation of pool
  21. 54:5-134 · Transfer of municipal lien
  22. 54:5-135 · Execution of lien certificates
  23. 54:5-136 · Operating plan filed by joint municipal lien pool
  24. 54:5-137 · Rules, regulations, orders
  25. 54A:5-1.1 · Certain IRA roll over amounts protected for 4 years
  26. 54A:5-1.2 · Determination of category of income net of expenses or…
  27. 54A:5-1.2a · Taxpayer, depreciation, eligible property expenditures,…
  28. 54A:5-2. · Losses
  29. 54A:5-3. · Taxability of estates, trusts and their beneficiaries
  30. 54A:5-4. · Taxability of partners
  31. 54A:5-6. · Husband and wife
  32. 54A:5-7. · Allocations of income of nonresidents
  33. 54A:5-8 · Income from sources within State for nonresident
  34. 54A:5-9 · S corporation tax exemption
  35. 54A:5-10. · Definitions
  36. 54A:5-11. · Initial basis of shareholder of S corporation stock
  37. 54A:5-12. · Limits on shareholder's losses
  38. 54A:5-13. · Shareholder's share of S corporation income prorated for…
  39. 54A:5-14. · Distributions made by S corporation, treatment
  40. 54A:5-15 · Determination of amount of category of income, certain…
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