NJ S3253

Requires the Department of Community Affairs to solicit proposals and approve at least five qualified vendors for conducting electronic municipal tax lien sales within 30 days, ending the previous system where a single vendor was approved without competitive bidding

Mandates vendor disclosure of corporate ownership and significant subcontractors (those receiving 50% or more of contract revenue), with municipalities able to contract with approved vendors without separate public bidding

Requires the Division of Local Government Services to issue guidance within 60 days on contract terms, fees, bidding rules, anti-collusion protocols, and prohibitions against vendors participating as bidders in their own sales

Mandates tax collectors notify property owners after a lien sale with information on paying outstanding debt and clear disclosure of consequences including delinquency interest and fees

Requires a report within 90 days evaluating the efficacy of online tax sales, including whether sales should be conducted at the county level and whether to adopt minimum delinquency thresholds and maximum interest rates indexed to market rates