SECTIONS 3451-3456 - California Statutes

REVENUE AND TAXATION CODE

SECTION 3451-3456

3451. The tax collector may, in his or her discretion, accept any
method of payment authorized by Section 2502, 2503.2, or 2504 in
payment for tax-defaulted property and tax-defaulted property sold at
public auction.

3452. The acceptance of negotiable paper constitutes payment for
tax-defaulted property and tax-defaulted property sold at public
auction as of the date of acceptance when, but not before, the
negotiable paper is duly paid.
When negotiable paper is so accepted, the deed to the property so
purchased shall not be delivered until that negotiable paper is duly
paid.

3455. If any negotiable paper is not paid on due presentation for
any reason, any record of payment made on any official record because
of its acceptance shall be canceled, and the bid upon which the
negotiable paper was accepted shall be voided as if no bid had been
made, and the original owner's right of redemption is revived.

3456. (a) If any part of a bid that was accepted by the tax
collector is not paid when due, the county shall have a claim against
the bidder for the actual cost of the sale. Immediately upon
becoming past due, the tax collector shall notify the bidder by
certified mail, which notice shall include all of the following:
(1) That his or her bid has been voided because of the delinquent
payment.
(2) The amount of the county's claim against the bidder.
(3) That the amount of the claim will be deducted from any deposit
submitted by the bidder and that any remaining amount of the deposit
is forfeited.
(b) If a bidder does not pay the claim arising under subdivision
(a) within 30 days after the notice is sent, both of the following
apply:
(1) The county may utilize any means authorized by law to collect
the claim, including, but not limited to, transferring the amount of
the claim to the unsecured roll.
(2) The tax collector may prohibit the bidder from bidding on
sales made pursuant to this chapter for up to five years.