From HEXONET Wiki
ERRP - Expired Registration Recovery Policy
The Expired Registration Recovery Policy is intended to help align registrant expectations with registrar practices by establishing certain minimum communications requirements and making renewal and redemption of registrations uniformly available in prescribed circumstances. Essentially, formalizing the process of renewal and redemption for all gTLDs.
At the request of ICANN's At-Large Advisory Committee, on 5 December 2008, ICANN published an ISSUES REPORT on the topic of Post-Expiration Domain Name Recovery. The Generic Names Supporting Organization Council ("GNSO") initiated a Policy Development Process in May 2009, which resulted in the submission of several policy and process recommendations to the ICANN Board of Directors <http://gnso.icann.org/en/resolutions/#201107>. The ICANN Board adopted the policy recommendations on 28 October 2011 <http://www.icann.org/en/groups/board/documents/resolutions-28oct11-en.htm#1.5>, and directed ICANN staff to implement this policy.
A period for public comment on the Expired Registration Recovery Policy opened on 11 October 2012 and closed on 18 November 2012 < http://www.icann.org/en/news/public-comment/draft-errp-policy-11oct12-en.htm>. The period for reply opened on 19 November 2012 and closed on 7 December 2012. ICANN has reviewed the comments submitted, and where appropriate, incorporated suggested modifications into the Expired Registration Recovery Policy.