Senate Bill sb0178c1

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    Florida Senate - 2001                            CS for SB 178

    By the Committee on Judiciary and Senator Brown-Waite





    308-828-01

  1                      A bill to be entitled

  2         An act relating to duration of real property

  3         liens; amending s. 55.10, F.S.; revising the

  4         period of duration of certain liens; providing

  5         for application to existing liens; providing an

  6         effective date.

  7

  8  Be It Enacted by the Legislature of the State of Florida:

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10         Section 1.  Subsections (1), (2), and (4) of section

11  55.10, Florida Statutes, are amended to read:

12         55.10  Judgments, orders, and decrees; lien of all,

13  generally; extension of liens; transfer of liens to other

14  security.--

15         (1)  A judgment, order, or decree becomes a lien on

16  real estate in any county when a certified copy of it is

17  recorded in the official records or judgment lien record of

18  the county, whichever is maintained at the time of

19  recordation, and it shall be a lien for a period of 10 7 years

20  from the date of the recording provided that the judgment,

21  order, or decree contains the address of the person who has a

22  lien as a result of such judgment, order, or decree or a

23  separate affidavit is recorded simultaneously with the

24  judgment, order, or decree stating the address of the person

25  who has a lien as a result of such judgment, order, or decree.

26  A judgment, order, or decree does not become a lien on real

27  estate unless the address of the person who has a lien as a

28  result of such judgment, order, or decree is contained in the

29  judgment, order, or decree or an affidavit with such address

30  is simultaneously recorded with the judgment, order, or

31  decree.

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    Florida Senate - 2001                            CS for SB 178
    308-828-01




  1         (2)  The lien provided for in subsection (1) or an

  2  extension of that lien as provided by this subsection may be

  3  extended for an additional period of 10 years, subject to the

  4  limitation in subsection (3), by rerecording a certified copy

  5  of the judgment, order, or decree prior to the expiration of

  6  the lien or the expiration of the extended lien provided for

  7  in subsection (1) and by simultaneously recording an affidavit

  8  with the current address of the person who has a lien as a

  9  result of the judgment, order, or decree. The extension one

10  additional period of 10 years shall be effective from the date

11  the judgment, order, or decree is rerecorded. The lien or

12  extended lien will not be extended unless the affidavit with

13  the current address is simultaneously recorded.

14         (4)  Except as otherwise provided in this subsection,

15  this section act shall apply to all judgments, orders, and

16  decrees of record which constitute a lien on real property

17  immediately prior to the effective date of this section, as

18  amended by this act. Any judgment, order, or decree recorded

19  prior to July 1, 1987, shall be unaffected by the changes in

20  this section, as amended by this act, and shall remain a lien

21  on real property until the period provided for in s. 55.081

22  expires or until the lien is satisfied, whichever occurs

23  first.

24         Section 2.  This act shall take effect upon becoming a

25  law.

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    Florida Senate - 2001                            CS for SB 178
    308-828-01




  1          STATEMENT OF SUBSTANTIAL CHANGES CONTAINED IN
                       COMMITTEE SUBSTITUTE FOR
  2                              SB 178

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  4  Amends subsection (2) of s. 55.10 to allow a second
    rerecording to protect the full 20-year lien right of persons
  5  who recorded their judgments under last year's defective law
    which only allows for an initial 7-year recording of a lien
  6  and a one-time 10-year extension of that lien.

  7  Amends subsection (4) of s. 55.10 to clarify that the new
    10-year lien recording periods apply to existing valid liens
  8  created before the date of this new act and to prevent the
    unintended revival of an expired lien by operation of this new
  9  act.

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