HB583 Summary

• Requires judgment creditors to immediately file an acknowledgment of satisfaction with the court when a money judgment is satisfied.

• Judgment creditors must serve a notice of the acknowledgment on the judgment debtor, either personally or by mail.

• Allows judgment debtors to demand that judgment creditors file satisfaction acknowledgments within 15 days, with penalties of $100 plus damages for non-compliance without just cause.

• If judgment creditors intentionally condition delivery of satisfaction documents on payments or acts beyond what is owed, they are liable for damages or $500, whichever is greater.

• Court clerks may issue certificates of satisfaction of judgment for a $25 fee, and courts must award reasonable attorney's fees to prevailing parties in satisfaction disputes.