Relates to procedures for the foreclosure of tax lien proceedings

This bill (A 5656) requires municipal tax collectors to hold a hearing after a tax lien sale to distribute any extra money (surplus funds) to the former property owner. It directly affects homeowners who lost property to tax foreclosure but may be owed money from the sale. Key provisions include mandating that tax collectors file a report within 30 days of the sale, allowing former owners to claim surplus funds before the report is confirmed, and requiring a court hearing to verify claims and distribute funds. The bill streamlines the process for returning surplus funds to rightful owners after tax sales.