Notice Of Satisfaction Definition In Nassau
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FAQ
If there is a judgment or lien on your credit report and that judgment has been satisfied, you must contact the credit reporting agency in writing and include copies of the documents that support your position, for example, a copy of the signed warrant to satisfy judgment.
Judgment is a court decision that settles a dispute between two parties by determining the rights and obligations of each party. Judgments are classified as in personam, in rem, or quasi in rem.
If you do not think the default judgment was appropriately entered against you, you must file a motion with the court asking the judge to “set aside” (void or nullify) the judgment. If the judge grants your motion, the case starts back up again.
The requirements are as follows: Notarized Affidavit of Defendant. Stating Sum for Which Judgment May be Entered. State County of Residence or Where Entry Authorized. State Facts Out of Which Debt Arose. Contingent liability. Entry of judgment.
How Long Are Judgments Valid in New York? Judgments are valid for 20 years and may be extended once for an additional period of 10 years. To extend a judgment for an extra ten (10) years, the Judgment Creditor must make written application to the court that issued the original judgment.
If a Transcript of Judgment has been filed with the County Clerk, once the Debtor pays off the Judgment, the Creditor has a legal responsibility to prepare and sign a Satisfaction of Judgmentfor the benefit of the Debtor, so that all liens and record of Judgment can be removed from the County Clerk's office.
You should contact an enforcement officer in the county where the judgment debtor has property. If you do not know where the judgment debtor has property, then contact an enforcement officer in the county where the judgment debtor resides.
The Satisfaction of Judgment form must be filed in the Court that entered the judgment, but if a Transcript of Judgment was filed in the County Clerk's office, it must be filed there; and. Mail a copy of the Satisfaction within 10 days to the debtor; and.
Letter of Satisfaction means a letter signed by the Purchaser confirming that the Purchaser is satisfied with the condition of the Section, as contemplated in 5.2.6; Sample 1Sample 2.
