Relates to the distribution of surplus proceeds from a tax foreclosure sale

This bill establishes clear rules for distributing surplus funds from tax foreclosure sales. If a property sells for more than the unpaid taxes plus costs, the excess must first go to other creditors with liens (like mortgage holders), then to the former owner. Municipalities must notify former owners about potential surplus funds and how to claim them. The law applies to all tax foreclosure sales starting October 1, 2025, and does not cover abandoned properties.