53B-14-106 - Order stating default -- Filing with tax commission -- Lien of order.
53B-14-106. Order stating default -- Filing with tax commission -- Lien of order.
(1) An abstract of an order of a hearing examiner stating a default under Section53B-14-105 may be filed with the State Tax Commission and, when filed, constitutes a lien to theextent of the balance due plus interest against any state income tax refund or overpayment due orto become due to the borrower for a period of eight years from the date of the order unlesssatisfied or otherwise released in writing by the college, university, or board.
(2) The lien created by this section is, for the purposes of Section 59-10-529 only, ajudgment, but no credit of a tax refund or overpayment shall be made on account of the lien until20 days after the date of the hearing examiner's order.
Enacted by Chapter 167, 1987 General Session