§ 231-38. Registration fees for foreclosing properties.  


Latest version.
  • A. 
    The initial registration fee shall be $500 and must accompany the registration form. The initial registration shall be valid for the remainder of the calendar year in which the property is registered. Renewals for subsequent calendar years shall run from January 1 to December 31, and payment of the renewal registration fee shall be due by January 15 of the relevant year. The fee for the first annual renewal shall be $1,000; the fee for the second annual renewal shall be $3,000; and the fee for the third and subsequent renewals shall be $5,000. Registration fees and renewal fees will not be prorated or refunded.
    B. 
    No governmental agency shall be required to pay the initial or renewal registration fee.