(1) No later than three business days from the date of a public auction, a treasurer shall execute and record in each county where a property or a portion thereof is located a certificate of option for a treasurer's deed containing:
(a) The names of the property owner;
(b) The description of the property;
(c) The sum paid for the property;
(d) The name and mailing address of the purchaser;
(e) A statement that the purchaser or assignee of the certificate of option for a treasurer's deed is entitled to a treasurer's deed at the expiration of the repurchase period provided under part 3 of this article 11.5 unless a repurchase is made;
(f) The treasurer's deed number;
(g) The date of the public auction; and
(h) An attached exhibit that is a copy of the mailing list created for the public auction pursuant to section 39-11.5-105 and any amendment to that mailing list, which exhibit must be recorded with the certificate of option for treasurer's deed.
(2) The failure of a treasurer to comply with this section does not affect the validity of a public auction or vesting of title in the name of the holder of the certificate of option for a treasurer's deed or certificate of repurchase.
(3) The lien represented by a certificate of option for a treasurer's deed has the same priority as the certificate of purchase sold at a tax lien sale.
Source: L. 2026: Entire article R&RE, (SB 26-144), ch. 135, p. 651, § 53, effective June 1.