N.J. Admin. Code § 5:30-9.7

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

Section 5:30-9.7 - Bulk payments

(a) The bulk electronic receipt of property taxes by property tax processing organizations and servicing organizations, as defined in 17:16F-15, is specifically permitted and encouraged.

(b) When deposits are made, the processor shall provide appropriate payor documentation detailing the individual transactions that make up the transfer. Such documentation may be data files designed for input to the local unit's computer system or printouts.

(c) The tax collector shall prove all deposits prior to posting the transactions to individual accounts.

N.J. Admin. Code § 5:30-9.7