This is a satisfaction of judgment which indicates that a judgment has been paid in full, including all fees, costs and interest. It acknowledges full and complete satisfaction of the judgment and directs that the judgment be marked as paid in full.
Texas Satisfaction of Judgment
State:
Texas
Control #:
TX-0909-AA
Format:
Word;
Rich Text
Instant download
Description
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Key Concepts & Definitions
Texas Satisfaction of Judgment refers to a legal document filed in court that formally declares a debt or judgment as fully paid or satisfied. It serves as a crucial legal acknowledgment that the debtor has fulfilled their obligations as ordered by the court.
Step-by-Step Guide to Filing a Texas Satisfaction of Judgment
- Verify the Full Payment: Ensure that the entire judgment amount, including any applicable interest and fees, has been paid by the debtor.
- Obtain the Form: Download or retrieve the Satisfaction of Judgment form specific to Texas from the relevant county clerk's office or their official website.
- Complete the Form: Fill in all required details accurately, including the case number, names of parties involved, and date of judgment.
- Signature: The creditor or their legal representative must sign the form, often requiring notarization.
- File the Form: Submit the completed form to the same court where the original judgment was entered. A filing fee may be required.
- Notify the Debtor: Send a copy of the filed document to the debtor as proof that the debt has been legally satisfied.
Risk Analysis
- Incomplete Submission: Failing to fill out every required field on the satisfaction form can delay the process.
- Legal Compliance: Incorrectly completing or improperly filing the form can lead to legal discrepancies, affecting the creditors rights or further legal actions.
- Timeliness: Delay in filing the satisfaction of judgment can affect a debtor's credit score negatively.
Common Mistakes & How to Avoid Them
- Delay in Filing: Promptly file the satisfaction of judgment after full payment to avoid credit damage to the debtor.
- Verifying Details: Always double-check the case and payment details before submitting the form to prevent rejections.
- Acknowledging Receipt: Ensure the debtor receives a copy of the filed satisfaction of judgment to confirm the resolution of their obligation.
FAQ
Q1: Who files a Texas Satisfaction of Judgment?
A: The creditor or their authorized attorney usually files this document.
Q2: What happens if the satisfaction of judgment is not filed?
A: The debtors credit score might continue to suffer, and they can face difficulties in obtaining future credits or loans.
Q3: Can a satisfaction of judgment be filed if only partial payment has been made?
A: No, the judgment must be fully satisfied before the document can be legally filed.
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FAQ
If you are not able to get in touch with a clerk in your local court, you can try going to the courthouse itself. Be sure to check its hours of operation and parking details online before you go. You should ask to speak to a clerk who can help you search for civil judgment records.
When a creditor gets a judgment against a debtor, the creditor has to take steps to get the judgment paid. This is called execution.The things that are taken are sold to pay the judgment. The Texas Property Code sets out the kinds and amounts of property that can and cannot be taken to pay a judgment in Texas.
In Texas, you can attach a property lien to a debtor's real estate to collect a court judgment.A judgment lien gives the creditor the right to be paid a certain amount of money from proceeds from the sale of the debtor's property.
Do Judgments Expire in Texas? Judgments issued in Texas with a non-government creditor are generally valid for ten years but they can be renewed for longer.