Satisfaction Agreement Form In Hennepin
Category:
State:
Multi-State
County:
Hennepin
Control #:
US-00436BG
Format:
Word;
Rich Text
Instant download
Description
The Satisfaction Agreement Form in Hennepin is a legal document designed to formalize the resolution of an existing debt between a creditor and a debtor. This form specifies the originally owed amount for medical services and outlines an alternative payment agreement to prevent further financial hardship for the debtor. Key features include confirmation of the debt, agreement on a different payment method, and stipulations regarding default and satisfaction of the debt upon payment completion. Users must ensure that all relevant information, including names, dates, and amounts, is accurately filled in to avoid legal complications. The form is particularly useful for attorneys and their clients in negotiating and finalizing agreements without resorting to extended litigation. Paralegals and legal assistants can utilize it to streamline the process by assisting with accurate completion and ensuring it complies with local laws. Legal practitioners should educate clients on the importance of adhering to the stipulated payment deadlines to maintain the integrity of the agreement.
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FAQ
And some states also allow judgment liens on the debtor's personal property -- things like jewelry, art, antiques, and other valuables. In Minnesota, a judgment lien can be attached to real estate only (such as a house, land, or similar property interest).
For judgments in Minnesota, entered after August 1, 2009, that are in an amount equal to or less than $50,000.00, the interest rate will generally be four percent (4%) 2. For judgments that are greater than $50,000.00, and entered after August 1, 2009, Minnesota statutes prescribe a ten percent (10%) interest rate.
