(a) (1) The lienholder shall file with one (1) of the justices of the peace in the township where his or her place of business is located a notice similar to the ones required in ยง 18-45-204 to be posted.
(2) The justice shall note upon the notice the amount of a bond for the protection of the debtor or property owner in the event the lienholder is not entitled to the lien and for the payment of any damages if the sale is wrongfully made.
(b) The lienholder shall file a bond so conditioned and in such sum with the justice of the peace, and the surety thereon shall be approved by the justice of the peace before making the sale provided for in this subchapter.
Section: Previous 18-45-202 18-45-203 18-45-204 18-45-205 18-45-206 18-45-207 NextLast modified: November 15, 2016