§ 44-9-19 - Right of redemption from city or town.
SECTION 44-9-19
§ 44-9-19 Right of redemption from city ortown. – (a) Any person having an interest in land sold for nonpayment of taxes, or hisor her heirs or assigns, at any time prior to the filing of a petition forforeclosure under § 44-9-25, if the land has been purchased by the city ortown and has not been assigned, may redeem the land by paying or tendering tothe treasurer the sum for which the real estate was purchased, plus a penaltywhich shall be ten percent (10%) of the purchase price if redeemed within six(6) months after the date of the collector's sale, and an additional onepercent (1%) of the purchase price for each succeeding month, together with allcharges lawfully added for intervening taxes, which have been paid to themunicipality, plus interest thereon at a rate of one percent (1%) per month,and expenses assessed subsequently to the collector's sale.
(b) The certificate of redemption shall be recorded by thetreasurer on the land records within twenty (20) days after the entireredemption amount has been paid to the municipality. The recording costs forthe certificate of redemption shall be paid by the redeeming party.
(c) The right of redemption may be exercised only by thoseentitled to notice of the sale pursuant to §§ 44-9-10 and 44-9-11.