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How do you satisfy a judgement in Florida?

➢ The defendant may pay the full amount of the Judgment and Interest from the date of the Judgment directly to the plaintiff. ➢ The plaintiff, or attorney of record in the case with the Judgment, to whom such payment is made, shall execute in writing an instrument acknowledging satisfaction of the Judgment.

What is a satisfaction of judgment in Florida?

SATISFACTION OF JUDGMENT. SATISFACTION OF JUDGMENT. THE UNDERSIGNED owner and holder of the final judgment rendered in the action entitled (PLAINTIFFS NAME) vs (DEFENDANTS NAME) by the Circuit Court of County, Florida and recorded under Official Instrument# acknowledges that the judgment is fully paid.

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 is the one satisfaction rule in Florida?

The one-satisfaction rule is a common law principle that a plaintiff should only recover once for a particular injury , thereby preventing overcompensation of the plaintiff for their injury. Thus, a plaintiff who fully recovers from one tortfeasor may not recover more damages from a joint tortfeasor.

What does a satisfaction of judgment mean?

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.