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2022 SESSION

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HB 1234 Judgments; limitations on enforcement, extensions and renewals.

Introduced by: Christopher T. Head | all patrons    ...    notes | add to my profiles | history

SUMMARY AS PASSED HOUSE:

Limitations on enforcement of judgments. Provides that no execution shall be issued and no action brought on a judgment dated, extended, or renewed, prior to July 1, 2021, including a judgment in favor of the Commonwealth and a judgment rendered in another state or country, after 20 years from the date of such judgment or domestication of such judgment or 20 years from the date of such extension or renewal of such judgment, whichever is later. Under current law, no such execution or judgment may be issued or brought 20 years from the date of such judgment only. The bill further allows a judgment creditor's assignee or such assignee's attorney or authorized agent to go through the process to extend the limitations period.

SUMMARY AS INTRODUCED:

Limitations on enforcement of judgments; extensions and renewals. Provides that after a judgment has been extended twice, it may be extended in the same manner for additional 10-year periods only upon motion of the judgment creditor or his assignee in a circuit court in which the judgment is docketed or recorded as a lien, with notice to the judgment debtor, and an order of such court granting leave to the judgment creditor or his assignee to file such certificate of extension. The bill further extends from five to 10 years the timeframe within which a suit shall be brought to enforce the lien of a judgment. The bill allows a judgment creditor's assignee or such assignee's attorney or authorized agent to go through the process to extend the limitations period.