California State Controller's Office : 5460 Notice of Power to Sell: Cancellation of Rescission

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County Tax Collectors' Reference Manual (2012)

Chapter 5000 Redemptions

5460 Notice of Power to Sell: Cancellation of Rescission

5460. GENERAL APPLICATION
If, for any reason, any negotiable paper is not paid on presentment, any record of payment made on a recorded rescission because of its acceptance shall be canceled, and the tax or assessment remains a lien as though no payment had been attempted (Rev. & Tax. Code §2509).

Form SCO 5-10 may be used for a cancellation of the Rescission of Notice of Power to Sell Tax-Defaulted Property.

CAUTION: No fee should be charged for recording the cancellation of the rescission (Gov. Code §27361.3). See form SCO 5-10 on the preceding page.