Referred to Committee on Finance
Summary
The bill changes South Carolina law so that, besides the original owner, any person or entity—including a grantee, mortgage holder, or judgment creditor—can redeem property sold for delinquent taxes within the existing twelve‑month redemption period by paying the taxes, penalties, costs and interest. It also creates a procedure for transferring the successful bidder’s interest to a new owner and updating the tax‑sale records. This gives more parties the ability to recover the property and ensures the collector’s books reflect the new owner.
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