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§ 1704. Satisfaction of claims; penalty for failure to satisfy

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 49 P.S. Mechanics' Liens

Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 49 P.S. Mechanics' Liens
Chapter 6. Mechanics' Lien Law of 1963 (Refs & Annos)
Article VII. Judgment; Execution; Revival
49 P.S. § 1704
§ 1704. Satisfaction of claims; penalty for failure to satisfy
If shall be the duty of a claimant upon payment, satisfaction or other discharge of the claim, verdict or judgment to enter satisfaction thereof upon the record upon payment of the costs of same. Upon failure to do so within thirty (30) days after a written request to satisfy, the court upon petition of any party in interest may order the claim, verdict or judgment satisfied and the claimant shall be subject to a penalty in favor of the party aggrieved in such sum as the court in the petition proceedings shall determine to be just, but not exceeding the amount of the claim.

Credits

1963, Aug. 24, P.L. 1175, No. 497, art. VII, § 704.
COMMENT--JOINT STATE GOVERNMENT COMMISSION 1964 REPORT
Adapted from Section 54, Act of 1901, 49 P.S. 262. The Act of 1901 required the commencement of a separate action for a penalty for failure to satisfy. This section now authorizes the imposition of penalties upon petition proceedings in the mechanics' lien action.
HISTORICAL AND STATUTORY NOTES
Prior Laws:
1901, June 4, P.L. 431, § 54.
49 P.S. § 262.
49 P.S. § 1704, PA ST 49 P.S. § 1704
Current through 2018 Regular Session Act 164 (End)
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