Financial institutions; serving notice of lien. (SB445)

Introduced By

Sen. Fred Quayle (R-Suffolk)

Progress

Introduced
Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law

Description

Notice of lien on financial institutions.  Provides that any judgment creditor serving a notice of lien on a financial institution shall, within five business days of such service, mail to the judgment debtor at his last known address a copy of the notice of lien along with a notice of exemptions and claim for exemption form. The judgment creditor or attorney for the judgment creditor shall file a certification with the court affirming that he has mailed the judgment debtor these notices. If the judgment creditor fails to mail the notices, the financial institution shall release to the judgment debtor any funds otherwise subject to the lien. In the event that the judgment creditor fails to comply, he shall be liable to the judgment debtor for no more than $500 in damages, unless he proves by a preponderance of the evidence that the failure was not willful. Read the Bill »

Outcome

Bill Has Passed

History

DateAction
01/13/2010Prefiled and ordered printed; offered 01/13/10 10100627D
01/13/2010Referred to Committee for Courts of Justice
01/14/2010Assigned Courts sub: Civil
02/15/2010Reported from Courts of Justice with amendments (15-Y 0-N) (see vote tally)
02/16/2010Constitutional reading dispensed (38-Y 0-N) (see vote tally)
02/16/2010Read second time
02/16/2010Reading of amendments waived
02/16/2010Committee amendments agreed to
02/16/2010Engrossed by Senate as amended SB445E
02/16/2010Constitutional reading dispensed (40-Y 0-N) (see vote tally)
02/16/2010Passed Senate (40-Y 0-N) (see vote tally)
02/16/2010Printed as engrossed 10100627D-E
02/17/2010Placed on Calendar
02/17/2010Read first time
02/17/2010Referred to Committee for Courts of Justice
02/18/2010Assigned Courts sub: #2 Civil
03/01/2010Subcommittee recommends reporting (11-Y 0-N)
03/08/2010Reported from Courts of Justice (21-Y 0-N) (see vote tally)
03/09/2010Read second time
03/09/2010Constitutional reading dispensed BLOCK VOTE (96-Y 0-N)
03/09/2010VOTE: --- AGREE TO (96-Y 0-N) (see vote tally)
03/09/2010Motion to reconsider constitutional reading dispensed agreed to
03/09/2010Constitutional reading dispensed BLOCK VOTE (94-Y 0-N)
03/09/2010VOTE: --- ADOPTION #2 (94-Y 0-N) (see vote tally)
03/09/2010Passed House BLOCK VOTE (95-Y 0-N)
03/09/2010VOTE: BLOCK VOTE PASSAGE (95-Y 0-N) (see vote tally)
03/13/2010Enrolled
03/13/2010Bill text as passed Senate and House (SB445ER)
03/14/2010Signed by Speaker
03/15/2010Signed by President
04/12/2010G Approved by Governor-Chapter 673 (effective 7/1/10)
04/12/2010G Acts of Assembly Chapter text (CHAP0673)

Video

This bill was discussed on the floor of the General Assembly. Below is all of the video that we have of that discussion, 1 clip in all, totaling 1 minute.