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5116 — Puerto Rico Law | CourtGPT
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  4. Title Twenty-one - Municipalities (§§ 1-4 — 6756)/
  5. Subtitle 7 - Municipal Property Tax/
  6. Part I - /
  7. Chapter 245/
  8. 5116
Puerto Rico Legal Code

5116

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Should said buyer, his/her heirs or assignees refuse to accept the cash offer made to redeem the property, as stated, or if they cannot be located, the person entitled to redeem the property shall pay the amount of the redemption to the Collection Center or its representative. In that case, the Collection Center shall compute the legal amount of money that must be paid in order to redeem the property pursuant to the prescriptions of this title and upon receipt of the aforesaid will issue the certificate of redemption of the property to the person who in fact redeems said property. The payment of that redemption money to the Collection Center shall restore to said prior owner and his/her heirs or assigns all rights and title to said real property and their share therein, and dominion that said former owner had over the aforesaid prior to said property being sold for payment of taxes.\nHistory —Aug. 30, 1991, No. 83, § 4.16.