NOTE: §2243 eff. until Jan. 1, 2026, upon ratification of the const. amend. proposed by Acts 2024, No. 409.

§2243. Redemption payments

            Redemptions shall be made through the tax collector of the appropriate political subdivision, or in the case of properties adjudicated to the state for tax years 1880 through 1973, redemptions shall be made through the register of the state land office. Payment shall include all statutory impositions accruing before the date of payment with five percent penalty and simple interest accruing at one percent per month, as well as all other sums required to be paid pursuant to this Subpart. The tax collector shall promptly remit the redemption payment to the tax sale purchaser; the register shall promptly deposit the redemption payment in the state treasury.

            NOTE: §2243 eff. Jan. 1, 2026, upon ratification of the const. amend. proposed by Acts 2024, No. 409.

§2243. Termination payments

            A. If no action has been brought pursuant to R.S. 47:2266.1, the following rules shall apply:

            (1) Any person may cause a tax lien certificate to be terminated by paying the termination price to the tax collector of the appropriate political subdivision.

            (2) The tax collector shall remit the termination price to the certificate holder no later than thirty days after receipt of the termination price.

            B.(1) The termination price shall include all of the following:

            (a) The statutory impositions together with interest at a rate of one percent per month from the day after the due date to the date of the tax lien auction.

            (b) A penalty at the rate of five percent calculated on the statutory impositions.

            (c) The costs related to the auction and required notices incurred by the tax collector.

            (d) The cost of preparing and recording the tax lien certificate.

            (e) The cost of preparing and recording the termination certificate.

            (f) Interest calculated on the amount paid at the tax lien auction at the rate established at auction or, in the case of a tax lien certificate issued in the name of the political subdivision, interest calculated on the amount that would have been due at the tax lien auction at the rate of one percent per month on a noncompounding basis.

            (g) The costs incurred by the tax lien certificate holder related to post-auction notices in an amount not to exceed five hundred dollars, provided that an affidavit was submitted to the tax collector in accordance with R.S. 47:2156 prior to the termination payment being made.

            (2) If the certificate holder has paid subsequent statutory impositions for the subject property, the termination price shall also include the amount of the subsequent statutory impositions, together with any applicable penalty, interest, and costs that may have accrued pursuant to this Part.

            (3)(a) If the certificate holder has caused any tax lien certificates outstanding on the subject property to be terminated and such terminated tax lien certificate would not be perempted pursuant to R.S. 47:2155(C), the amount of such termination payments shall be included in the termination price, together with interest on the amount of the termination payments at the rate stated in the certificate calculated on a noncompounding basis.

            (b) A certificate holder who terminates a tax lien certificate in accordance with Subparagraph (a) of this Paragraph shall notify the tax collector at the time of the termination of his status as the certificate holder. Interest shall not accrue pursuant to Subparagraph (a) of this Paragraph if the certificate holder fails to satisfy the requirements of this Subparagraph.

            (4)(a) The tax collector shall not refuse to accept payment of the termination price due for an outstanding tax lien on the basis that one or more additional tax lien certificates or unsold statutory impositions remain outstanding with respect to the subject property.

            (b) If there are multiple tax lien certificates outstanding with respect to the subject property and the amount paid to terminate is less than the amount necessary to terminate all terminable tax lien certificates outstanding, the tax collector shall apply the amount paid as directed by the payor or, if not directed by the payor, to the oldest terminable tax lien certificate outstanding.

            C. If an action has been brought pursuant to R.S. 47:2266.1, termination shall be made in accordance with the provisions of that Section.

            Acts 2008, No. 819, §1, eff. Jan. 1, 2009; Acts 2010, No. 281, §1; Acts 2024, No. 774, §1, see Act.