SB-1092 Summary

• Modifies judgment lien recording procedures to allow register of deeds fees to be taxed as costs against judgment debtors at the creditor's request.

• Changes notice of judgment lien service from certified mail to first-class mail for all judgments, eliminating prior requirement for personal service on judgments of $25,000 or more.

• Establishes judgment lien foreclosure procedures allowing creditors to foreclose when debtors fail to pay amounts due upon property conveyance, sale, or refinancing, with court determination of recovery amounts including interest and costs.

• Requires judgment lien foreclosure sales to be conducted by sheriff with public notice (6 weeks posting and newspaper publication) between 9 a.m. and 4 p.m. at circuit court locations, with proceeds distributed to judgment creditor and other lienholders by priority.

• Adds provisions for partial discharge of judgment liens when property sales result in partial payments and allows debtors to cancel foreclosure sales before the scheduled date by paying the court-determined amount plus accrued interest and costs.