SB 331-1_ Filed 02/17/2003, 09:43 Kenley

SENATE MOTION


MR. PRESIDENT:

    I move
that Senate Bill 331 be amended to read as follows:

SOURCE: Page 3, line 41; (03)MO033102.3. -->     Page 3, between lines 41 and 42, begin a new paragraph and insert:
SOURCE: IC 12-15-8.5-12; (03)MO033102.7. -->     "SECTION 7. IC 12-15-8.5-12 IS ADDED TO THE INDIANA CODE AS A NEW SECTION TO READ AS FOLLOWS [EFFECTIVE JULY 1, 2003]: Sec. 12. (a) A lien under this chapter is void if both of the following occur:
        (1) The owner of property subject to a lien under this chapter or any person or corporation having an interest in the property, including a mortgagee or a lienholder, provides written notice to the office to file an action to foreclose the lien.
        (2) The office fails to file an action to foreclose the lien in the county where the property is located not later than thirty (30) days after receiving the notice.
However, this section does not prevent the claim from being collected as other claims are collected by law.
    (b) A person who gives notice under subsection (a)(1) by registered or certified mail to the office at the address given in the recorded statement and notice of intention to hold a lien may file an affidavit of service of the notice to file an action to foreclose the lien with the recorder of the county in which the property is located. The affidavit must state the following:
        (1) The facts of the notice.
        (2) That more than thirty (30) days have passed since the notice was received by the office.
        (3) That no action for foreclosure of the lien is pending.
        (4) That no unsatisfied judgment has been rendered on the lien.
    (c) The recorder shall:
        (1) record the affidavit of service in the miscellaneous record book of the recorder's office; and
        (2) certify on the face of the record any lien that is fully released.
When the recorder records the affidavit and certifies the record under this subsection, the real estate described in the lien is released from the lien.
".
    Renumber all SECTIONS consecutively.
    (Reference is to HB 331 as printed February 14, 2003.)

________________________________________

Senator KENLEY


MO033102/DI 107     2003