THIS BULLETIN IS FURNISHED TO INFORM YOU OF CURRENT DEVELOPMENTS. AS A REMINDER, YOU ARE CHARGED WITH KNOWLEDGE OF THE CONTENT ON VIRTUAL UNDERWRITER AS IT EXISTS FROM TIME TO TIME AS IT APPLIES TO YOU, AS WELL AS ANY OTHER INSTRUCTIONS. OUR UNDERWRITING AGREEMENTS DO NOT AUTHORIZE OUR ISSUING AGENTS TO ENGAGE IN SETTLEMENTS OR CLOSINGS ON BEHALF OF STEWART TITLE GUARANTY COMPANY. THIS BULLETIN IS NOT INTENDED TO DIRECT YOUR ESCROW OR SETTLEMENT PRACTICES OR TO CHANGE PROVISIONS OF APPLICABLE UNDERWRITING AGREEMENTS. CONFIDENTIAL, PROPRIETARY, OR NONPUBLIC PERSONAL INFORMATION SHOULD NEVER BE SHARED OR DISSEMINATED EXCEPT AS ALLOWED BY LAW. IF APPLICABLE STATE LAW OR REGULATION IMPOSES ADDITIONAL REQUIREMENTS, YOU SHOULD CONTINUE TO COMPLY WITH THOSE REQUIREMENTS.
Bulletin: FL000044
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Bulletin: FL000044
Dear Associates:
On July 1, 1987 F.S. Sec 55.10 was enacted into law. Sec. 55.10 provides that the duration of the lien of a judgment entered after July 1, 1987 is for an initial period of seven years from the date of recording. The duration can be increased an additional 7 years by re-recording the certified copy of the judgment, within the 90-day period proceeding the expiration of the lien. The duration can be increased a final 6 years by re-recording the certified copy of the judgment, within the 90-day period proceeding the extended expiration of the lien.
Since July 1, 1994 is the first date on which judgment liens expire pursuant to this statute, it is important to keep it in mind when examining title.
Judgments entered before July 1, 1987 even if recorded after July 1, 1987, continue to have a 20 year expiration period.
References
- Bulletins Replaced:
- None
- Related Bulletins:
- Underwriting Manual:
- Exceptions Manual:
- None
- Forms:
- None