1. (1) No promise, acknowledgment, or payment of money by any person bound on any bond or obligation for the payment of money secured by a lien shall operate as an extension of the time within which the lien may be enforced as against purchasers or creditors, unless, before expiration of the limitations period for enforcement of the debt under KRS 413.090(2) or 413.160, as applicable:

   1. (a) For liens secured by a recorded mortgage, a copy of the extension is recorded in accordance with KRS 382.297; or
   2. (b) For liens secured by a recorded deed, a memorandum notice of the extension The book and page number where the deed is recorded; is recorded that contains: 1. 2. A statement that the debt is extended; The time period of the extension; 3. The amount of indebtedness remaining due; and 4. The signature of each promisor and the holder of the lien, acknowledged 5. before a notary public.
2. (2) The payee shall pay the clerk a fee pursuant to KRS 64.012 for the recording.

Effective: July 15, 2024

History: Amended 2024 Ky. Acts ch. 130, sec. 2, effective July 15, 2024. -- Amended 2006 Ky. Acts ch. 255, sec. 37, effective January 1, 2007. -- Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. sec. 2514.