This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.
Assignment Of Judgment
Category:
State:
Multi-State
Control #:
US-02701BG
Format:
Word;
Rich Text
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How to fill out Assignment Of Judgment?
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FAQ
On the form, say that you want to have the court "Enter Satisfaction of Judgment." File your form with the clerk. The clerk may schedule a court date and let you and all other parties know. If the court is convinced that you have paid, the court will enter the satisfaction of judgment.
When the debtor pays the judgment, the creditor must file a Satisfaction of Judgment form with the Clerk within 20 days. It is filed in the Court that entered the judgment, but if a Transcript of Judgment was filed in the County Clerk's office, it is filed there.
Under California law, a judgment creditor may assign a judgment to a third person. Cal. Civ.Code 954. " In doing so, the judgment creditor assigns the debt upon which the judgment is based
Assigning your judgment means that you forfeit ownership of your judgment permanently. It is a one-way sale that cannot be reversed except by finding and obtaining the cooperation of the person you assigned it to; or working and paying for a court order voiding the judgment assignment to them.
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Lund argued that Swanson satisfied the judgment when he paid the full amount to Western State Bank. 55.206 Amendment of judgment lien file; termination, partial release, assignment, continuation, tolling, correction.—.806.18(1)(1) When a duly acknowledged assignment of a judgment is filed, the clerk of circuit court shall enter the assignment on the judgment and lien docket. To ensure that the magisterial district judge receives accurate and complete.