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Understanding Satisfaction of Judgment: A Comprehensive Guide
Definition & Meaning
A satisfaction of judgment is a formal declaration made by a judgment creditor, indicating that a money judgment has been fully paid and satisfied. This document is essential for clearing the judgment from public records. Once the judgment debtor pays the specified amounts due, they can request the judgment creditor to sign the satisfaction of judgment. This signed document must then be filed with the court clerk and recorded with the appropriate county office if there is an abstract of judgment on record.
Table of content
Legal Use & context
The satisfaction of judgment is primarily used in civil law, particularly in cases involving financial disputes. It serves as proof that a debt has been settled and is crucial for the judgment debtor to clear their financial record. Users can often manage this process themselves with the right legal templates, such as those provided by US Legal Forms, which are designed to simplify the filing process.
Key legal elements
Real-world examples
Here are a couple of examples of abatement:
Example 1: A homeowner wins a lawsuit against a contractor for unpaid work. After the contractor pays the judgment amount, the homeowner signs a satisfaction of judgment, which is then filed with the court.
Example 2: A tenant wins a case against a landlord for returning a security deposit. Once the landlord pays the owed amount, the tenant files a satisfaction of judgment to clear the record. (hypothetical example)
State-by-state differences
State
Process for Filing Satisfaction of Judgment
California
The judgment creditor must file a form with the court, and it can be done electronically.
Texas
A satisfaction of judgment must be filed in writing and recorded in the county where the judgment was rendered.
New York
The creditor must file a satisfaction of judgment form with the court and provide a copy to the debtor.
This is not a complete list. State laws vary, and users should consult local rules for specific guidance.
Comparison with related terms
Term
Definition
Difference
Satisfaction of Judgment
A declaration that a judgment has been paid in full.
Specifically refers to the completion of a money judgment.
Abstract of Judgment
A document that creates a lien on the debtor's property.
It establishes a claim against property, whereas satisfaction indicates payment.
Judgment Lien
A legal claim against property to secure the payment of a debt.
A lien remains until the judgment is satisfied; satisfaction removes the lien.
Common misunderstandings
What to do if this term applies to you
If you have paid a judgment, request a satisfaction of judgment from the creditor. Ensure it is signed and filed with the court. If the creditor does not comply, you may need to seek legal advice or file a motion with the court to obtain an order of satisfaction. Consider using US Legal Forms for templates to assist in this process.
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