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Senate advances work on commercial-filing reforms to block bogus liens
Summary
Senators discussed a substitute to Senate Bill 93 to curb bogus commercial-code filings that can place false liens on personal property and credit records; sponsor said the substitute creates expedited review, notice and fee-recovery measures and aligns criminal penalties with real‑estate lien law. The Senate circled the bill for further work.
Senate sponsors outlined a substitute to Senate Bill 93 aimed at reducing fraudulent or harassing filings in the commercial-code filing system, a practice that can surface unexpectedly on credit reports and harm individuals and businesses.
Senator Hilliard, the sponsor, described the problem as filings “against generally prominent people” that can show up on credit reports and said the substitute creates expedited review and notice procedures to remove invalid liens quickly. He said the measure preserves bona…
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