Sec. 501. Bankruptcy lien filing system
103 words·~1 min read·
/bill/116/s/4991/is/section-501·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Not later than 1 year after the date of enactment of this Act, the Director of the Executive Office for United States Trustees shall establish a searchable electronic system for the filing of liens created by, or under, title 11, United States Code, including— liens created under section 1028(i)(1) of that title; and liens created pursuant to any order issued in a case under that title. The Attorney General shall promulgate any necessary regulations to effectuate the establishment and operation of the filing system required under subsection (a), including regulations relating to the effect of the filing of a lien in the system.