01RS HB195


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HB 195 (BR 985) - A. Simpson

     AN ACT relating to real property.
     Amend KRS 382.365 to provide for a maximum liability of $5,000 for lienholders who fail to release satisfied liens on real property in a timely fashion.


     HCS - Amend subsections (3) and (4) of the Act to provide that maximum amount of penalty for which lienholder may be liable under both sections, combined, is $25,000.

     Feb 7-introduced in House
     Feb 8-to Banking and Insurance (H)
     Feb 9-posted in committee
     Feb 12-reassigned to Judiciary (H); posted in committee
     Feb 21-reported favorably, 1st reading, to Calendar with Committee Substitute
     Feb 22-2nd reading, to Rules; posted for passage in the Regular Orders of the Day for Friday, February 23, 2001
     Feb 26-3rd reading, passed 96-0 with Committee Substitute
     Feb 27-received in Senate
     Mar 2-to Banking and Insurance (S)

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