The redeeming owner must also reimburse the tax-sale certificate holder for all statutorily recoverable fees and costs, which may include reasonable attorney's fees.
As a result, due to their creditor status, the certificate holders have a more senior position (compared to equity holders) in the issuer's insolvency.
The directive restated that certificates are for information purposes only and confer no rights on the certificate holders outside the terms of their policies.
Certificate holders roundly disagree with such an assessment, claiming that certification demonstrates mastery of a universally accepted body of knowledge and best practices.