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NY A01026

Bill

Official Source

Status

Passed

10/7/2020

Primary Sponsor

Linda Rosenthal

Click for details

Origin

Assembly

2019-2020 General Assembly

AI Summary

  • Establishes a $500 penalty (increased from $100) when judgment creditors fail to execute and file satisfied judgments of $5,000 or more with the court clerk within 20 days of receiving full satisfaction
  • Maintains the existing $100 penalty for satisfied judgments under $5,000
  • Allows judgment debtors to recover penalties under section 7202 of the civil practice law and rules or article 18 of relevant court acts
  • Exempts cities with populations greater than one million from penalty recovery unless they fail to file within 20 days after receiving written demand by certified mail
  • Takes effect 120 days after becoming law

Legislative Description

Increases penalties for failure to execute and file satisfied judgments of $5,000 or more with court clerk from $100 to $500.

Last Action

SIGNED CHAP.227

10/7/2020

Committee Referrals

Codes2/25/2020
Judiciary1/8/2020
Codes5/8/2019
Judiciary1/29/2019
Codes4/8/2019
Judiciary1/14/2019

Full Bill Text

No bill text available