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What does release and satisfaction of judgement mean?
Unsatisfied Judgment: An unsatisfied judgment means the debt is not settled yet. Youre expected to follow the court order and make payments on the outstanding debt. Until you make your final payment or come to another agreement with the other party, it will remain an unsatisfied judgment.
What is a satisfaction Judgement?
Tells the court and others that a judgment has been paid in full or in part. Can be recorded with a county to release a lien against the judgment debtors land or filed with the Secretary of State to release a lien against the debtors personal property.
What does it mean to satisfy a Judgement?
Satisfaction of a judgment, which is governed by URCP 58B, means that the debtor has paid the entire amount of the judgment and all accumulated fees, costs and interest, or that the creditor has decided not to pursue further collection efforts.
What does satisfaction of Judgement mean?
Basis for Getting a Judgment Removed You paid the debt: Credit agencies will remove the judgment from your credit report if you can show that you did pay your debt on time. If you paid your debt after the judgment was established on your credit report, the agency wont remove the judgment.
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A satisfaction of judgment is a document signed by a judgment creditor and generally filed with the court, indicating that a judgment has been paid in full.
If a certified copy of the judgment has been recorded, the recording information must be added to the form. The satisfaction need not be filed in the case file.
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