A bill that would eliminate a proposed 5% transaction cost surcharge - a stumbling block in the securitization of delinquent property tax liens - could mean more tax lien-backed deals coming from the Empire State if the plan gets past the state legislature.

Angela Berti, a spokeswoman for the proponent, Assemblyman Robin Schimminger, said that dropping the surcharge brings the proposal in line with the companion bill in the State Senate.

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