CT SB00799

Allows municipalities to assign tax liens on real property to third parties by resolution, with consideration negotiated between the municipality and assignee.

Assignees receive the same powers, rights, and enforcement abilities as municipalities regarding lien precedence, priority, and collection procedures.

Reduces interest rate on assigned tax liens to 6 percent per annum on the delinquent principal, effective from the date of assignment.

Requires assignees to provide written notice within 30 days of assignment to any recorded mortgage holders, including property identification, assignee contact information, and unpaid tax amounts.

Effective October 1, 2017.