NY A10604

Authorizes the Village of Plandome Manor to sell delinquent tax liens held by the village to private parties at any price (more or less than face value).

Requires property owners receive at least 30 days advance notice of tax lien sales in the same manner as required under Real Property Tax Law section 1190.

Requires tax lien purchasers to provide the village 30 days advance notice of any foreclosure action and permits the village to repurchase liens at the lien amount plus accrued interest and collection fees.

Authorizes the village to pledge delinquent tax liens as collateral for loans and to engage third parties to collect liens, with collection fees capped at 10% of the outstanding balance (paid by the delinquent taxpayer).

Act takes effect immediately and expires December 31, 2019.