Pennsylvania — Statute

1774 – Payments Sufficient To Satisfy Judgments | Pennsylvania Law

Learn about Pennsylvania's law on satisfying judgments in motor vehicle accidents, including settlement credits and escrow deposit procedures.

Legal Content

Pennsylvania State Law

1774 – Payments Sufficient To Satisfy Judgments

Pennsylvania Title 75 - Vehicles § 1774

Summary

Pennsylvania law Section 1774 outlines the criteria for considering judgments satisfied in motor vehicle accident cases, including specific monetary limits for injury and property damage. It also details procedures for crediting settlement payments and depositing funds in escrow when the judgment creditor cannot be located.

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Explain Like I'm 5

In simple terms: Learn about Pennsylvania's law on satisfying judgments in motor vehicle accidents, including settlement credits and escrow deposit procedures.. This means people must follow this rule, and breaking it can lead to criminal penalties.