§ 47:2243 — Termination payments

Louisiana § 47:2243

• Jurisdiction: Louisiana
• Title 47: Revenue and Taxation

Text

§2243. Termination payments
A.(1) Except as otherwise provided in Subsection C of this Section, a tax lien shall
be extinguished by payment of the termination price to the tax collector of the appropriate
political subdivision.
(2) Upon receipt of the termination price, the tax collector shall do each of the
following:
(a) Notify the terminating party of the existence of any additional tax lien certificates
within the tax collector's authority that remain outstanding on the property.
(b) Remit the termination price to the tax lien certificate holder within thirty days.
B.(1) The termination price shall include all of the following:
(a) The face value of the tax lien certificate.
(b) Any penalty assessed in accordance with the provisions of R.S. 47:2127.
(c) The cost of preparing and recording the termination certificate.
(d) Interest calculated on the face value of the tax lien certificate in accordance with
the provisions of R.S. 47:2154(F).
(e) The costs incurred by the tax lien certificate holder related to post-auction notices
in an amount not to exceed five hundred dollars, provided that an affidavit was submitted to
the tax collector in accordance with R.S. 47:2156 prior to the termination payment being
made.
(f) Any amounts owed to the tax lien certificate holder pursuant to R.S. 47:2160.1 for
subsequent parish or municipal statutory impositions, interest, and penalty.
(2)(a) If the certificate holder has caused any tax liens outstanding on the subject
property to be extinguished and the tax lien would not be perempted pursuant to R.S.
47:2155(C), the amount of the termination payments shall be included in the termination
price, together with interest on the amount of the termination payments at the rate stated in
the certificate calculated on a noncompounding basis.
(b) A certificate holder who extinguishes a tax lien in accordance with Subparagraph
(a) of this Paragraph shall notify the tax collector at the time of the payment of his status as
the certificate holder. If the certificate holder fails to satisfy the requirements of this
Subparagraph the certificate holder shall not be entitled to recover as part of the termination
price the amounts specified in Subparagraph (a) of this Paragraph.
(3)(a) The tax collector shall not be required to accept partial payment of the
termination price due for a given tax lien certificate.
(b) Notwithstanding the provisions of Subparagraph (a) of this Paragraph, the tax
collector shall not refuse to accept payment of the termination price due for an outstanding
tax lien on the basis that one or more additional tax lien certificates or unsold statutory
impositions remain outstanding with respect to the subject property.
(c) If there are multiple tax lien certificates outstanding with respect to the subject
property and the amount paid to terminate is less than the amount necessary to extinguish
all tax liens outstanding, the tax collector shall apply the amount paid as directed by the
payor or, if not directed by the payor, to the oldest tax lien outstanding.
C. If an action has been brought pursuant to R.S. 47:2266.1, termination shall be
made in accordance with the provisions of that Section.

Legislative History

Acts 2008, No. 819, §1, eff. Jan. 1, 2009; Acts 2010, No. 281, §1; Acts 2024, No. 774, §1, eff. Jan. 1, 2026; Acts 2025, No. 411, §1, eff. Jan. 1, 2026.