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2014 SESSION

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HB 393 Judgment; payment required to be noted by creditor, penalty.

Introduced by: A. Benton "Ben" Chafin | all patrons    ...    notes | add to my profiles | history

SUMMARY AS PASSED HOUSE:

Judgment payment required to be noted by creditor; penalty. Provides that payment by a debtor shall be entered on the judgment docket by the creditor within 90 days of payment of a judgment or within 10 days of being notified of satisfaction. The bill also provides that the judgment creditor shall be liable for a fine of $100 as well as the cost of releasing the judgment if he fails to enter such payment under such terms. Under current law, the judgment creditor is only subject to a $50 fine for failure to enter judgment within 10 days after receiving notice of satisfaction.

SUMMARY AS INTRODUCED:

Judgment payment required to be noted by creditor; penalty. Provides that payment by a debtor shall be entered by the creditor within 90 days of payment of a judgment, or within 10 days of being notified, of satisfaction. The bill also provides that the judgment creditor shall be liable to a fine of $100 as well as the cost of releasing the judgment when the judgment creditor fails to enter such payment under such terms. Under current law, the judgment creditor is only subject to a $50 fine for failure to enter judgment within 10 days after receiving notice of satisfaction.