This document should be recorded in the county in which the judgment was rendered and acknowledged before a notary public. A satisfaction can be executed, acknowledged and filed by the attorney of record for the holder, but only if payment is made in full.
Satisfaction of judgment is an essential legal document in the state of Florida that signifies the resolution and closure of a court-ordered judgment. It confirms that the individual or entity who was owed money (the judgment creditor) has been fully paid by the party who owed the debt (the judgment debtor). This form proves that the judgment debtor has satisfied their legal obligation and frees them from any further liability related to the particular judgment. There are various types of Satisfaction of judgment forms in Florida, each serving a specific purpose. Some notable ones include: 1. Satisfaction of Judgment form (Form 1.990(a)): This is the standard form used to acknowledge the repayment of a monetary judgment in Florida. It is typically utilized when the judgment creditor has received the entire amount owed and wishes to provide formal acknowledgment of satisfaction. 2. Notice of Satisfaction of Judgment (Form 1.995): This specific form is used by the judgment creditor to notify the court and other relevant parties that the judgment has been fulfilled, and they have no further claims against the judgment debtor. It serves as a public record and helps avoid any confusion or future disputes regarding the judgment. 3. Full Satisfaction of Mortgage (Form 1.996): In case the judgment is related to a mortgage, this form is utilized to declare the mortgage as fully satisfied and released. It is used by the mortgagee or the person authorized to act on their behalf. 4. Satisfaction of Judgment — Partial Payment (Form 1.991): If the judgment debtor has made a partial payment towards the outstanding judgment amount, this form is used to acknowledge the partial satisfaction of the debt. It indicates the remaining unpaid balance, if any, and allows the judgment creditor to potentially pursue further collection efforts for the remaining amount. It is crucial to accurately complete the appropriate Satisfaction of Judgment form and file it with the appropriate court to ensure the judgment debtor is given proper credit for satisfying their legal obligations. This documentation serves as proof that the judgment has been resolved and allows the judgment debtor to move forward without any looming legal consequences.
