Amend the amendment in section 1 in the first paragraph in the 3rd line (page 1, line 19 in amendment) by striking out the following: " treasurer shall" and inserting the following: ' treasurer may'
Amend the amendment in section 2 in the first line (page 1, line 32 in amendment) by striking out the following: "§943-C is" and inserting the following: '§§943-C and 943-D are'
Amend the amendment in section 2 by inserting after the amending clause and before §943-C the following:
If a municipal treasurer has not provided within 30 days after recording a tax lien certificate in the registry of deeds the written notice permitted under section 942 regarding abatement procedures and the availability of assistance from the Department of Professional and Financial Regulation, Bureau of Consumer Credit Protection to a person named on a tax lien mortgage, the municipal treasurer shall include that information either in the notice of impending foreclosure required under section 943 or in a separate notice accompanying the notice of impending foreclosure.’
Amend the amendment in section 2 in §943-C in the first line (page 1, line 33 in amendment) by striking out the following: " §943-C" and inserting the following: ' §943-D'
Amend the amendment by striking out all of section 4 and inserting the following:
‘Sec. 4. Appropriations and allocations. The following appropriations and allocations are made.
ADMINISTRATIVE AND FINANCIAL SERVICES, DEPARTMENT OF
Revenue Services, Bureau of 0002
Initiative: Provides funding to reimburse municipalities for 90% of the cost of selling property that has been acquired through tax lien foreclosure.
| GENERAL FUND |
2017-18 |
2018-19 |
|
All Other
|
$0 |
$600 |
|
 |
|
| GENERAL FUND TOTAL |
$0 |
$600 |
’
Amend the amendment by relettering or renumbering any nonconsecutive Part letter or section number to read consecutively.
SUMMARY
This amendment provides that a municipal treasurer may provide the required notice of the right to apply for an abatement and the availability of assistance from the Department of Professional and Financial Regulation, Bureau of Consumer Credit Protection either within 30 days after the recording of a tax lien certificate or as part of the notice of impending foreclosure required 30 to 45 days prior to the foreclosing date of the tax lien mortgage.
This amendment replaces the appropriations and allocations section in Committee Amendment "A" with a reduced appropriation.
FISCAL NOTE REQUIRED
(See attached)