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S.B. 142

             1     

JUDGMENT LIEN AMENDMENTS

             2     
1999 GENERAL SESSION

             3     
STATE OF UTAH

             4     
Sponsor: John L. Valentine

             5      AN ACT RELATING TO THE JUDICIAL CODE; PROVIDING FOR THE TERMINATION OF
             6      JUDGMENT LIENS WHICH ARE APPEALED UPON THE FILING OF ADEQUATE
             7      SECURITY; AND MAKING TECHNICAL CHANGES.
             8      This act affects sections of Utah Code Annotated 1953 as follows:
             9      AMENDS:
             10          78-22-1, as last amended by Chapter 327, Laws of Utah 1998
             11      Be it enacted by the Legislature of the state of Utah:
             12          Section 1. Section 78-22-1 is amended to read:
             13           78-22-1. Duration of judgment -- Judgment as lien upon real property -- Abstract
             14      of judgment -- Small claims judgment not lien -- Appeal of judgment.
             15          (1) Judgments shall continue for eight years unless previously satisfied or unless
             16      enforcement of the judgment is stayed in accordance with law.
             17          (2) Prior to July 1, 1997, except as limited by [Subsection] Subsections (4) and (5), the
             18      entry of judgment by a district court is a lien upon the real property of the judgment debtor, not
             19      exempt from execution, owned or acquired during the existence of the judgment, located in the
             20      county in which the judgment is entered.
             21          (3) Prior to and after July 1, 1997, an abstract of judgment issued by the court in which the
             22      judgment is entered may be recorded in any court of this state and shall have the same force and
             23      effect as a judgment entered in that court.
             24          (4) Prior to July 1, 1997, and after May 15, 1998, a judgment entered in the small claims
             25      division of any court shall not qualify as a lien upon real property unless abstracted to the civil
             26      division of the district court and recorded in accordance with Subsection (3).
             27          (5) (a) If any judgment is appealed, upon deposit with the clerk of the court where the


             28      appeal is filed of cash or other security in a form and amount considered sufficient by the court to
             29      secure the full amount of the judgment, together with ongoing interest and any other anticipated
             30      damages or costs, including attorney's fees and costs on appeal, the lien created by Subsection (2)
             31      shall be terminated as provided in Subsection (5)(b).
             32          (b) Upon the deposit of sufficient security as provided in Subsection (5)(a), the court shall
             33      enter an order terminating the lien created by the judgment under Subsection (2) and granting the
             34      judgment creditor a perfected lien in the deposited security as of the date of the original judgment.




Legislative Review Note
    as of 1-28-99 10:23 AM


A limited legal review of this legislation raises no obvious constitutional or statutory concerns.

Office of Legislative Research and General Counsel


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