Assignee Sacor Financial, Inc.’s motion to correct error in rejection of renewal of judgment is DENIED.

Background

The instant complaint was filed June 09, 2006, and was submitted for arbitration. On September 14, 2006, the Court confirmed the arbitration award in Plaintiff National Credit Acceptance, Inc.’s favor and entered judgment.

On December 29, 2010, the judgment was assigned to Sacor Financial, Inc.

Legal Standard

Pursuant to CCP § 683.130, “In the case of a lump-sum money judgment or a judgment for possession or sale of property, the application for renewal of the judgment may be filed at any time before the expiration of the 10-year period of enforceability provided by Section 683.020.”

Pursuant to CCP § 683.020:

Except as otherwise provided by statute, upon the expiration of 10 years after the date of entry of a money judgment or a judgment for possession or sale of property:

(a) The judgment may not be enforced.

(b) All enforcement procedures pursuant to the judgme