An Act requiring the reporting of satisfaction of judgments awarding money damages

Summary

The bill adds a new duty for anyone who wins a monetary judgment to submit a notice of satisfaction to the issuing court within 60 days of full payment. If the creditor does not file the notice, the court may order them to reimburse the debtor for reasonable costs and attorney fees incurred in proving the judgment was satisfied. The requirement does not apply when the judgment is satisfied by a levy of execution.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

Topics

Share