Difference Between Satisfaction And Satisfactory In Utah
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Satisfaction of a judgment means that the judgment is no longer a lien on the debtor's real property. The courts cannot control the actions of third parties, but usually, the fact of satisfaction is recorded by the major credit reporting agencies and included in the debtor's credit history.
Starting a Debt Collection Case A debt collector starts a debt collection case by filing a complaint with the court. A copy of the complaint and a document called a summons must be served on the debtor by one of the methods described in Utah Rule of Civil Procedure 4.
Satisfied judgments make it easier to get loans. They still hurt your credit score under the FICO formulas used for home loans, car loans, and credit card applications.
Instead of answering, the defendant may file one of the motions described in Utah Rule of Civil Procedure 12. If the judge grants the motion, the judge's order will direct the parties what to do next. If the judge denies the motion, the defendant must file an answer within 14 days after the judge's order.
Judgments shall continue for eight years from the date of entry in a court unless previously satisfied or unless enforcement of the judgment is stayed in ance with law.
The statute of limitations for renewing a judgment is 8 years from the date of the judgment. Utah Code Section 78B-2-311.
Short answer: Judgments generally last three to seven years, but they can also be valid for over 20 years in some states.
