Defines "satisfaction" in relation to judgments, allows satisfactions to be filed by affirmation, extends the filing period for attorneys, and.
The bill amends the civil practice law and rules to define "satisfaction" as the receipt and clearance of funds or notice from a sheriff. It allows satisfactions of judgments to be filed by affirmation instead of notarization. The bill extends the time during which attorneys may file satisfactions of judgment from ten to twenty years. It clarifies that the twenty-day time limit for filing satisfactions of judgment is measured in business days.
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