‘An Act To Reduce the Duration of Execution Liens’
| HP0776 LD 1053 |
Session - 129th Maine Legislature C "A", Filing Number H-716, Sponsored by
|
LR 1430 Item 2 |
|
| Bill Tracking, Additional Documents | Chamber Status | ||
Amend the bill by striking out the title and substituting the following:
‘An Act To Reduce the Duration of Execution Liens’
Amend the bill by striking out everything after the enacting clause and inserting the following:
‘Sec. 1. 14 MRSA §4651-A, sub-§9, as reallocated by RR 2001, c. 1, §17, is amended to read:
Sec. 2. 14 MRSA §4651-A, sub-§9-A is enacted to read:
If the renewal writ is filed or recorded before the expiration of the 10-year period of the original writ of execution, the renewal writ relates back to the date that the original writ of execution was filed or recorded and prevents the expiration of the lien.’
Amend the bill by relettering or renumbering any nonconsecutive Part letter or section number to read consecutively.
summary
This amendment replaces the bill, which provides that a judgment or decree based upon a consumer obligation would be irrebuttably presumed to be paid and satisfied at the end of one year after any duty or obligation accrued by virtue of the judgment or decree unless within that period the judgment creditor has commenced other action as permitted by law for the enforcement of the judgment or decree.
Instead, this amendment provides that an execution lien created on or after September 1, 2020, for any underlying judgment, expires at the end of 10 years unless it is renewed before the expiration of the 10-year period. The renewal period is also 10 years. The lien can be renewed once.
The amendment provides that the current law, which provides for a 20-year duration and a 20-year renewal period, applies to liens created before September 1, 2020.