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2002 SESSION
SB 527 Property; release of liens.
Introduced by: William C. Mims | all patrons ... notes | add to my profiles | history
SUMMARY AS PASSED:
Property; release of liens. Clarifies that the obligor may provide the lien creditor with the name and address of the person to whom a certificate of satisfaction or of partial satisfaction shall be sent, and that if no such notice is provided, the certificate shall be delivered to the appropriate clerk’s office. The bill provides that courier hand delivery with written proof of receipt from the clerk's office is an additional method of delivery for certificates of satisfaction. The bill also conforms the procedures applicable to the filing of such certificates when releases are made by original lien creditors or by subsequent note holders.
SUMMARY AS PASSED SENATE:
Property; release of liens. Clarifies that the obligor may provide the lien creditor with the name and address of the person to whom a certificate of satisfaction or of partial satisfaction shall be sent, and that if no such notice is provided, the certificate shall be delivered to the appropriate clerk’s office. The bill conforms the procedures applicable to the filing of such certificates when releases are made by original lien creditors or by subsequent note holders.
SUMMARY AS INTRODUCED:
Property; release of liens. Clarifies that the obligor may provide the lien creditor with the name and address of the person to whom a certificate of satisfaction or of partial satisfaction shall be sent, and that if not such notice is provided, the certificate shall be delivered to the appropriate clerk’s office. The amendments conform the procedures applicable to the filing of such certificates when releases are made by original lien creditors or by subsequent note holders.