N.J. Admin. Code § 18:23-10.8

Current through Register Vol. 56, No. 21, November 4, 2024

Section 18:23-10.8 - Release of property from lien

(a) The Director, upon written application and payment of a fee of $ 5.00, may release any property from the lien of any tax, interest or penalty imposed by the Act, or of any certificate, judgment, or levy procured by the Director, provided:

1. Payment is made in such sum as the Director deems adequate for the release; or

2. A bond is filed in an amount the Director deems necessary to secure the payment of any debt evidenced by the lien of such tax, interest, penalty, certificate, judgment, or levy sought to be released; or

3. The Director is satisfied that payment of the tax is sufficiently provided for.

(b) The application for such release is to be in the form prescribed by the Director and must contain an accurate description of the property to be released together with such other information which the Director may require.

(c) Any such release is to be given under the seal of the Director, and may be recorded in any office in which conveyances of real estate are filed.

N.J. Admin. Code § 18:23-10.8

Amended by 49 N.J.R. 456(b), effective 3/6/2017