Source: http://ecode360.com/11300833
Timestamp: 2017-09-26 07:19:27
Document Index: 247237312

Matched Legal Cases: ['§ 167', '§ 167', '§ 167', '§ 167', '§ 167', '§ 167', '§ 167', '§ 167', '§ 167']

Township of Pemberton, NJ Tax Liens on Fire-Damaged Property
§ 167-1 Prerequisite for payment of insurance.
§ 167-2 Revision of tax search certificate.
§ 167-3 Payment of liens.
§ 167-4 Payment of liens in installments.
§ 167-5 Priority of claims.
§ 167-6 Statutory provisions controlling.
§ 167-7 When effective.
Chapter 167: Tax Liens on Fire-Damaged Property
[HISTORY: Adopted by the Township Committee of the Township of Pemberton 3-21-1980 as Ord. No. 7-1980. Amendments noted where applicable.]
Chapter 167 : Tax Liens on Fire-Damaged Property
No insurance company authorized to issue fire insurance policies in this state shall pay any claims in excess of $2,500 on any real property located within the Township of Pemberton unless or until the insured person submits an official certificate of search for municipal liens pursuant to N.J.S.A. 54:5-12, certifying that all taxes, assessments or other municipal liens or charges levied and assessed and due and payable against said property have been paid, or secures a certified copy of a resolution adopted pursuant to § 167-4 of this chapter.
Unless a resolution is received in accordance with § 167-4 by the insurance company writing the fire insurance policy on property in the Township of Pemberton, such insurance company is hereby directed and required, prior to the payment of any claims for fire damages in excess of $2,500, to pay to the township the amount of the liens appearing on the official certificate and such other recorded liens or related charges as may be certified to the insurance company; provided, however, that if an appeal is taken on the amount of any lien or charge, other than an appeal on the assessed valuation of real property pursuant to N.J.S.A. 54:3-21, the insurance company shall withhold 75% of the full amount of the lien or charge being contested pending termination of all proceedings, at which time such moneys and all interest accruing thereon at a rate paid on interest-bearing accounts in banking institutions or savings and loan associations in the state shall be disbursed in accordance with the final order or judgment of the court.
The governing body of the Township of Pemberton may enter into agreement with the owner of any fire-damaged property to pay in full all delinquent taxes, assessments or other municipal liens by installments pursuant to N.J.S.A. 54:5-19 or for the redemption of the tax sale lien by installment payments pursuant to Article 7 of Chapter 5 of Title 54 of the Revised Statutes if the governing body of the Township of Pemberton is satisfied that the claim for fire damages is to be used to restore or improve the fire-damaged property. An insurance company receiving a certified copy of a resolution of agreement from the governing body is authorized to make full payment on the claim to the insured person.
A municipal claim made in accordance with the provisions of this chapter shall be paramount to any other claims on the proceeds of the fire insurance policy, except the claim of a holder of a mortgage on the fire-damaged property where the fire insurance policy at the time of the loss listed the mortgagee as a named insured, in which event the claim of the mortgagee to the proceeds shall be paramount to the municipal lien under this chapter only to the extent of the amount due and payable to the mortgagee under the mortgage contract.
This chapter is adopted under and in accordance with Chapter 184, Public Laws of 1978,[1] and anything herein contrary to said legislative enactment is controlled thereby.
This chapter shall take effect upon final passage and publication according to law and after filing with the State Commissioner of Insurance.