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Rhode Island General Laws — Title 44 (Taxation)

R.I. Gen. Laws § 44-7-25

Sale of rights to uncollected taxes that are due and payable

Official textwebserver.rilegislature.govlast amended

The collector, with the approval of the city or town council, is authorized to sell to a bank or other financial institution the rights of the city or town to receive taxes, which are due and payable as of the end of the city or town’s fiscal year and are uncollected at the time of the sale. Any agreement executed under this section shall be filed with the city or town clerk, but does not need to be filed or recorded under the Uniform Commercial Code, title 6A. The collector shall act as the sole collecting agent for the bank or financial institution and shall exercise the rights under chapters 7 — 9 of this title as to collection, enforcement of liens, and sale for nonpayment with respect to those taxes.

Amendment history

History of Section. P.L. 1983, ch. 329, § 1; P.L. 1984, ch. 329, § 1; P.L. 1986, ch. 198, § 54.

Source: view the official text

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In this chapter (34 sections)
  1. 44-7-1 · Definitions
  2. 44-7-2 · Duty of collector to collect and pay over
  3. 44-7-3 · Collector’s records
  4. 44-7-4 · Continuance in force of collection warrants
  5. 44-7-5 · Removal of collector from office — New collection warrant
  6. 44-7-6 · City or town treasurer as collector
  7. 44-7-7 · Notice by collector to taxpayer of amount of tax
  8. 44-7-7.1 · Taxpayer information
  9. 44-7-7.2 · Portsmouth — Tax bill contents
  10. 44-7-8 · Permissive excise tax collection agreement
  11. 44-7-9 · Delegated authority
  12. 44-7-10 · Priority of city or town taxes in insolvency
  13. 44-7-10.1 · Exeter — Non-issuance and/or renewal of licenses or…
  14. 44-7-10.2 · Glocester — Non-issuance of building and demolition…
  15. 44-7-10.3 · Barrington — Non-issuance and/or renewal of licenses or…
  16. 44-7-10.4 · East Greenwich — Non-issuance and/or renewal of licenses…
  17. 44-7-11 · Collectors to furnish statements of liens
  18. 44-7-12 · Action for recovery of tax
  19. 44-7-13 · Judgment for collector — Execution and levy
  20. 44-7-14 · Cancellation of taxes — Erroneous, uncollectible, or…
  21. 44-7-15 · Certificate of cancellation — Attachment to tax list
  22. 44-7-16 · Action by city or town treasurer against delinquent collector
  23. 44-7-17 · Execution against delinquent collectors
  24. 44-7-18 · Execution against sureties of delinquent collector
  25. 44-7-19 · Action by co-tenant for contribution to tax
  26. 44-7-20 · Actions for refund of taxes
  27. 44-7-21 · Severability
  28. 44-7-22 · Remedy not exclusive
  29. 44-7-23 · Exemption on uninhabited buildings
  30. 44-7-24 · Legislatively created bodies — Collection of taxes,…
  31. 44-7-25 · Sale of rights to uncollected taxes that are due and payable
  32. 44-7-26 · Jeopardy collections of taxes
  33. 44-7-27 · Newport — Cancellation of real property taxes in the city
  34. 44-7-28 · Glocester, Coventry and Burrillville tax lien on mobile or…
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