New Jersey Administrative Code
Title 5 - COMMUNITY AFFAIRS
Chapter 33 - TAX COLLECTION ADMINISTRATION
Subchapter 1 - TAX COLLECTION PROCEDURES
Section 5:33-1.1 - Electronic municipal tax lien sales
Current through Register Vol. 56, No. 18, September 16, 2024
(a) No municipality may contract with a third-party vendor to conduct tax lien sales that is not a nationally recognized electronic municipal tax lien service. In order to qualify as a "nationally recognized electronic municipal tax lien service," the vendor must presently conduct internet-based electronic municipal tax lien sales in at least two states, or have conducted internet-based electronic municipal tax lien sales in the past two years that have included bidders from more than one state, or affirmatively market a system for performing internet-based electronic municipal tax lien sales in more than one state.
(b) An electronic municipal tax lien sale shall be authorized by a resolution of the governing body.
(c) For any contract for an electronic municipal tax lien service that exceeds the contracting unit's bid threshold, an electronic municipal tax lien service shall not be construed to fall under one of the exceptions to public advertising for bids set forth in N.J.S.A. 40A:11-5 , except as set forth under 40A:11-5(3) and 40A:11-5(4).
(d) When a municipality conducts an electronic tax lien sale, the tax collector shall continue to prepare the tax lien sale notice required pursuant to N.J.S.A. 54:5-25 . In addition to the content required by N.J.S.A. 54:5-25 , the notice shall state that the sale is being held through an online auction and that bidders should submit their bids no later than the date and time of the sale set forth in the notice. A full link to the website for tax lien sale bidder instructions and registration shall also be included.
(e) The newspaper publication requirement set forth in N.J.S.A. 54:5-26 may be satisfied by publishing, in lieu of a copy of the tax lien sale notice prepared pursuant to (d) above, a notice published in the format of a display advertisement, rather than a legal advertisement. The display advertisement, which must be no less than two inches by three inches with a bold black border, shall be published once a week for four weeks, prior to the week of the sale in a newspaper circulating in the municipality which is its official newspaper. The notice contained in the display advertisement shall set forth the following information:
(f) Notice to the property owner and to any person or entity entitled to notice of foreclosure pursuant to section 20 of P.L. 1948, c. 96 (N.J.S.A. 54:5-104 .8) may be given by regular or certified mail in lieu of any two publications required pursuant to (e) above. In addition to costs of sale provided in N.J.S.A. 54:5-38 , the costs of such notice or notices shall be added to the cost of sale pursuant to N.J.S.A. 54:5-26 , not to exceed $ 25.00 for each notice for a particular property. The notice or notices to the property owner shall contain the information required pursuant to (d) above. Failure of the property owner to receive a notice properly mailed by the tax collector shall not constitute grounds to void the subsequent tax lien sale.
(g) The vendor's fee for conducting the electronic tax lien sale shall not exceed the fee collected by the tax collector under N.J.S.A. 54:5-38 . The vendor shall only charge fees to the municipality and not to bidders or lien purchasers.
(h) The tax collector shall not collect any additional fees for the cost of sale, except as otherwise permitted pursuant to law.
(i) Bidding shall open no earlier than upon publication of the tax lien sale notice prepared pursuant to (d) above or the display advertisement prepared pursuant to (e) above.
(j) Bidder registration shall be online and completed prior to submitting a bid, although the municipality shall have the discretion to permit in-person registration with the tax collector's office.
(k) Before any bidder can place a bid, the bidder will be required to post a forfeitable deposit .
(l) An electronic municipal tax lien sale system shall provide:
(m) All bid information and participant financial data is deemed property of the municipality.
(n) No officer, employee, or independent contractor of the vendor may participate in the auction.
(o) Bid amounts shall not be visible to the public or to the municipality while the auction is in process.
(p) All liens shall be auctioned individually, such that a bid will be placed on each lien with a winning bidder determined for each lien. The bulk sale of liens is prohibited.
(q) The electronic municipal tax lien service shall give the tax collector the ability to accept and process payments by ACH transfer, bank wire transfer, certified check, or cash. Cash payments may be accepted in person by the tax collector; however, the tax collector must immediately input data into the electronic tax lien sale system to reflect any such payment. Payment must be made within 24 hours after the bidding is closed.
(r) The following cybersecurity best practice framework shall be followed:
(s) Vendors shall provide annual evidence of satisfactory internal controls to the municipality's chief financial officer and the tax collector. Such evidence must be in the form of an unqualified auditor's report issued pursuant to the performance of a Service Organization Control (SOC) 2 engagement based upon the existing Trust Services Principles (WebTrust<TM> and SysTrust<TM>) carried out in accordance with AT 101 Standard 1, with the ability to test and report on the design effectiveness (Type I) and operating effectiveness (Type II) of the vendor's controls.
(t) All contracts between a municipality and a vendor shall:
(u) All disputes between the parties and disputes concerning the contract or its operation shall be in writing and forwarded to the other party via registered or certified mail. New Jersey law shall govern the contract and the relationship between the municipality and the vendor. All contracts shall have appropriate provisions for:
(v) The duration of any contract between a municipality and a vendor shall not exceed one year, notwithstanding any provisions of the Local Public Contracts Law to the contrary. Contracts for electronic tax lien sale systems shall not be considered data processing service contracts under N.J.S.A. 40A:11-15(5) .
(w) All contracts entered into between the municipality and a vendor shall be in writing, executed by all parties, and have appropriate provisions for termination of the contract, including, but not limited to, termination for failure to perform on the part of the vendor.
(x) The tax collector shall allow the Director of the Division of Local Government Services access to online reports of any electronic municipal tax lien sale. The Director of the Division of Local Government Services may require any tax collector and vendor conducting an electronic tax lien sale to provide a report with information on the sale including, but not limited to: