NY A01634

Authorizes cities and villages to sell delinquent tax liens to private parties through December 31, 2027, for liens attached to property on or before January 31, 2027/2028.

Requires cities and villages to hold public hearings with at least 45 days' notice and adopt a local law before selling tax liens, with property owners receiving at least 30 days' advance notice.

Permits tax lien purchasers to offer property owners payment plans of 24-48 months before commencing foreclosure, with purchasers limited to charging only accrued interest and reasonable collection costs and legal fees.

Grants cities and villages the option to repurchase liens from private purchasers within 30 days of receiving a foreclosure list, at the original sale price plus accrued interest.

Requires municipalities to file annual reports with the state comptroller detailing sales results, foreclosures, payment plans, complaints, and other data; the state comptroller must submit a consolidated annual report to the governor and legislative leaders by July 1st.