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CA SB1200
Bill
AI Summary
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Increases the time period for judgment debtors to motion to vacate or modify a judgment renewal from 30 days to 60 days after service of notice.
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Restricts renewal of money judgments under $200,000 for medical expense claims and under $50,000 for personal debt claims to one renewal only, for a 5-year period, and prohibits judgment creditors from bringing separate actions on these judgment types.
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Prohibits renewal applications for judgments that were already renewed on or before December 31, 2022.
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Reduces interest accrual rate from 10% to 5% per annum for judgments entered on or after January 1, 2023 (or renewal applications filed on or after that date) involving medical expenses under $200,000 or personal debt under $50,000.
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Excludes debts incurred through tortious or fraudulent conduct and unpaid wage judgments from the renewal and reduced interest rate provisions.
Legislative Description
Enforcement of judgments: renewal and interest.
Last Action
Chaptered by Secretary of State. Chapter 883, Statutes of 2022.
9/30/2022