Requires premium payment made to municipality by purchaser of tax lien to be paid to property owner under certain circumstances.

S 718 changes how tax lien premium payments are handled in New Jersey. Instead of automatically going to municipalities after five years if property owners don't redeem, the bill requires premiums to be deposited with the court within one year of a foreclosure judgment. The original property owner can claim the premium by applying to the court within that year; if no claim is made, the funds go to the municipality. This affects property owners who redeem after tax sales and tax lien purchasers who pay the premiums.