The reiteration of bids is governed by the provisions of articles R. 322-66 to R. 322-72 of the Code of Civil Enforcement Procedures, subject to the following reservations.
In the event of failure to deposit the sale price or to provide proof of payment of taxed costs and transfer duties within the period provided for in article R. 742-38, the liquidator shall enjoin the successful bidder, by registered letter with acknowledgement of receipt, to pay the outstanding sums, within a period of eight days, failing which the bids shall be repeated.
The successful bidder may contest the injunction made to him under the conditions set out in the Article R. 322-68 of the Code des procédures civiles d’exécution, before the judge responsible for property seizures.