As used in this part:

1. (1) "Claimant" means a person who files a notice.

2. (2) "Guarantee" means an agreement by a claimant to pay an amount of damages:

   1. (a) specified by the court;
   2. (b) suffered as a result of the maintenance of a notice;
   3. (c) to a person with an interest in the real property that is the subject of the notice; and
   4. (d) if the requirements of Subsection 78B-6-1304(5) are met.
3. (3) "Notice" means a notice of the pendency of an action filed under Section 78B-6-1303.

Enacted by Chapter 3, 2008 General Session