If the lienholder fails to surrender the certificate within the specified period after being notified of redemption, the unclaimed moneys go to which entity?

• A. Municipality
• B. State
• C. County
• D. Trust

Answer: (A)

The unclaimed redemption proceeds go to the municipality. When the lienholder is notified of redemption and fails to surrender the certificate within the required period, the funds tied to that redemption become unclaimed. The statute assigns those funds to the local government that administered the lien—the municipality—so public money stays under local control for municipal needs. The state or county aren’t the designated recipients in this scenario, and a private trust isn’t involved.