Judgment; payment required to be noted by creditor, penalty. (HB393)

Introduced By

Sen. Ben Chafin (R-Lebanon) with support from co-patrons Del. Jeff Campbell (R-Marion), and Del. Terry Kilgore (R-Gate City)

Progress

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

Description

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. Read the Bill »

Outcome

Bill Has Passed

History

DateAction
01/03/2014Committee
01/03/2014Prefiled and ordered printed; offered 01/08/14 14101689D
01/03/2014Referred to Committee for Courts of Justice
01/09/2014Assigned Courts sub: Civil
01/13/2014Subcommittee recommends reporting with amendment(s) (9-Y 0-N)
01/20/2014Reported from Courts of Justice with substitute (21-Y 0-N) (see vote tally)
01/20/2014Committee substitute printed 14103764D-H1
01/21/2014Impact statement from DPB (HB393H1)
01/22/2014Read first time
01/23/2014Read second time
01/23/2014Committee substitute agreed to 14103764D-H1
01/23/2014Engrossed by House - committee substitute HB393H1
01/23/2014Impact statement from DPB (HB393H1)
01/24/2014Read third time and passed House BLOCK VOTE (95-Y 0-N)
01/24/2014VOTE: BLOCK VOTE PASSAGE (95-Y 0-N) (see vote tally)
01/27/2014Constitutional reading dispensed
01/27/2014Referred to Committee for Courts of Justice
02/19/2014Reported from Courts of Justice (13-Y 0-N) (see vote tally)
02/21/2014Constitutional reading dispensed (40-Y 0-N)
02/24/2014Read third time
02/24/2014Passed Senate (40-Y 0-N)
02/26/2014Enrolled
02/26/2014Bill text as passed House and Senate (HB393ER)
02/26/2014Impact statement from DPB (HB393ER)
02/26/2014Signed by Speaker
02/28/2014Signed by President
03/24/2014G Approved by Governor-Chapter 274 (effective 7/1/14)
03/24/2014G Acts of Assembly Chapter text (CHAP0274)

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 50 seconds.