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S.B. 142 Enrolled

                 

JUDGMENT LIEN AMENDMENTS

                 
1999 GENERAL SESSION

                 
STATE OF UTAH

                 
Sponsor: John L. Valentine

                  AN ACT RELATING TO THE JUDICIAL CODE; PROVIDING FOR THE TERMINATION OF
                  JUDGMENT LIENS WHICH ARE APPEALED UPON THE FILING OF ADEQUATE
                  SECURITY; MAKING TECHNICAL CHANGES; AND PROVIDING AN EFFECTIVE DATE.
                  This act affects sections of Utah Code Annotated 1953 as follows:
                  AMENDS:
                      78-22-1, as last amended by Chapter 327, Laws of Utah 1998
                  Be it enacted by the Legislature of the state of Utah:
                      Section 1. Section 78-22-1 is amended to read:
                       78-22-1. Duration of judgment -- Judgment as lien upon real property -- Abstract
                  of judgment -- Small claims judgment not lien -- Appeal of judgment.
                      (1) Judgments shall continue for eight years unless previously satisfied or unless
                  enforcement of the judgment is stayed in accordance with law.
                      (2) Prior to July 1, 1997, except as limited by [Subsection] Subsections (4) and (5), the
                  entry of judgment by a district court is a lien upon the real property of the judgment debtor, not
                  exempt from execution, owned or acquired during the existence of the judgment, located in the
                  county in which the judgment is entered.
                      (3) Prior to and after July 1, 1997, an abstract of judgment issued by the court in which the
                  judgment is entered may be recorded in any court of this state and shall have the same force and
                  effect as a judgment entered in that court.
                      (4) Prior to July 1, 1997, and after May 15, 1998, a judgment entered in the small claims
                  division of any court shall not qualify as a lien upon real property unless abstracted to the civil
                  division of the district court and recorded in accordance with Subsection (3).
                      (5) (a) If any judgment is appealed, upon deposit with the court where the notice of appeal
                  is filed of cash or other security in a form and amount considered sufficient by the court that
                  rendered the judgment to secure the full amount of the judgment, together with ongoing interest


                  and any other anticipated damages or costs, including attorney's fees and costs on appeal, the lien
                  created by Subsection (2) shall be terminated as provided in Subsection (5)(b).
                      (b) Upon the deposit of sufficient security as provided in Subsection (5)(a), the court shall
                  enter an order terminating the lien created by the judgment under Subsection (2) and granting the
                  judgment creditor a perfected lien in the deposited security as of the date of the original judgment.
                      Section 2. Effective date.
                      If approved by two-thirds of all the members elected to each house, this act takes effect upon
                  approval by the governor, or the day following the constitutional time limit of Utah Constitution
                  Article VII, Section 8, without the governor's signature, or in the case of a veto, the date of veto
                  override.

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