Failure to notify the Tax Collector via certified mail with return receipt in an assignment results in redemption being paid to whom?

Prepare for the New Jersey Certified Tax Collector II Exam. Get ready with our flashcards and multiple-choice questions, complete with hints and explanations. Boost your confidence before the big day!

Multiple Choice

Failure to notify the Tax Collector via certified mail with return receipt in an assignment results in redemption being paid to whom?

When a tax sale certificate is assigned, the right to receive redemption funds hinges on properly perfected notice to the Tax Collector. The required notice is sent by certified mail with return receipt, which officially informs the municipality of the assignment and authorizes the new holder to receive redemption proceeds. If that notice is not provided, the assignment isn’t perfected, so the municipality cannot recognize the new holder’s claim. In that situation, the redemption payment stays with the original lienholder of record, who retains the priority interest on the lien. Therefore, the redemption would be paid to the original or lienholder of record.

Failure to notify the Tax Collector via certified mail with return receipt in an assignment results in redemption being paid to whom?

Prepare for the New Jersey Certified Tax Collector II Exam. Get ready with our flashcards and multiple-choice questions, complete with hints and explanations. Boost your confidence before the big day!

Failure to notify the Tax Collector via certified mail with return receipt in an assignment results in redemption being paid to whom?

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