When a registered lien is satisfied, by payment or otherwise, the claimant shall acknowledge satisfaction by entry on the lien book; and if the claimant neglects or fails to do so for twenty (20) days after written demand, the claimant shall forfeit and pay to the owner or contractor the sum of fifty dollars ($50.00), and be liable to any person injured to the extent of the injury, which in no event shall be less than one hundred dollars ($100).
Tennessee Demand for Acknowledgment of Satisfaction - Individual
Category:
State:
Tennessee
Control #:
TN-06-09
Format:
Word;
Rich Text
Instant download
Description
Definition and meaning
The Tennessee Demand for Acknowledgment of Satisfaction is a legal document used by property owners to formally request that a lien claimant acknowledge the satisfaction of a lien. This document is essential for homeowners who have fully paid off a lien against their property and seek to clear their title.
How to complete a form
To complete the Tennessee Demand for Acknowledgment of Satisfaction, follow these steps:
- Fill in your name as the property owner.
- Provide the address and description of the property affected by the lien.
- Specify the date the lien was filed and the reference instrument number.
- Indicate the total amount paid to satisfy the lien.
- Write the date on which the lien was satisfied.
- Sign and print your name at the bottom of the form.
Who should use this form
This form should be used by individuals or entities who have satisfied a lien on their real property in Tennessee. It is particularly useful for homeowners looking to ensure that their property title is free from encumbrances after payment has been made to the lien claimant.
Legal use and context
According to Tenn. Code Ann. § 66-11-135, a property owner has the right to demand an acknowledgment of satisfaction from the lien claimant. Failing to respond to this demand within thirty days can lead to serious consequences for the lien claimant, including liability for damages.
Key components of the form
The Tennessee Demand for Acknowledgment of Satisfaction includes several key components:
- Name of the property owner
- Property address and description
- Date and reference number of the original lien
- Amount paid to satisfy the lien
- Date when the lien was satisfied
- Signature of the property owner
What documents you may need alongside this one
In addition to the Demand for Acknowledgment of Satisfaction, you may need the following documents:
- Proof of payment to the lien claimant
- Copy of the original lien document
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FAQ
The Satisfaction of Judgment form should be signed by the judgment creditor when the judgment is paid, and then filed with the court clerk. Don't forget to do this; otherwise, you may have to track down the other party later.
In California, you must file a notarized "Acknowledgement Of Satisfaction of Judgment" with the Court. The law ignores the real world possibility of bounced checks and bankruptcy, and requires you to file the Satisfaction within 14 days.
A document signed by the party who is owed money under a court judgment (called the judgment creditor) stating that the full amount due on the judgment has been paid.
If the judgment creditor does not immediately file an Acknowledgement of Satisfaction of Judgment (EJ-100) when the judgment is satisfied, the judgment debtor may make a formal written demand for the creditor to do so. The judgment creditor has 15 days after receiving the debtor's request to serve the acknowledgement.
A court form that the judgment creditor must fill out, sign, and file with the court when the judgment is fully paid. If no liens exist, the back of the Notice of Entry of Judgment can be signed and filed with the court. (See judgment creditor, judgment .)
Satisfaction and release is the formal paperwork stating that a consumer has paid the full amount owed under a court judgment. A satisfaction and release proves that they have paid their debt and prevents creditors from trying to recover more money from them.
Judgments are no longer factored into credit scores, though they are still public record and can still impact your ability to qualify for credit or loans.You should pay legitimate judgments and dispute inaccurate judgments to ensure these do not affect your finances unduly.
The defendant should ask for a letter confirming that the entire amount of the judgment has been paid. He or she may do so by sending a demand letter to the plaintiff. The release and satisfaction form is filed with the court clerk and entered into the case record.
