UNOFFICIAL COPY AS OF 04/10/16 10 REG. SESS. 10 RS HB 496/GA
AN ACT relating to judgment liens.
Be it enacted by the General Assembly of the Commonwealth of Kentucky:
Section 1. KRS 426.720 is amended to read as follows:
A final judgment for the recovery of money or costs in the courts of record in this Commonwealth, whether state or federal, shall act as a lien upon all real estate in which the judgment debtor has any ownership interest, in any county in which the following first shall be done:
"Notice to Judgment Debtor. You may be entitled to an exemption under KRS 427.060, reprinted below. If you believe you are entitled to assert an exemption, seek legal advice."; and
(4) The judgment creditor or his counsel shall certify on the notice of judgment lien that a copy thereof has been mailed to the judgment debtor in compliance with subsection (3) of this section.
(5) The foregoing provisions of this section notwithstanding, if a judgment debtor owns an interest in real property jointly owned with other persons, a judgment lien shall not exist on the jointly owned property beyond the proceeds or interest owned by the debtor.