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.
Alabama Satisfaction of Judgment
State:
Alabama
Control #:
AL-0909-AA
Format:
Word;
Rich Text
Instant download
Description
Definition and meaning
The Alabama Satisfaction of Judgment is a legal document that serves as an official acknowledgment by the plaintiff or judgment creditor that a judgment against the defendant has been fully satisfied. This document confirms that all debts, including any attorney fees and interest, associated with the court ruling have been paid in full.
How to complete a form
Completing the Alabama Satisfaction of Judgment involves several important steps:
- Start by entering the names of the plaintiff(s) and defendant(s) as listed in the original judgment.
- Fill in the cause number, which can be found on the original court documents.
- Specify the amount of the judgment that has been paid, including details about any interest or additional costs.
- Sign the form as the plaintiff or allow your attorney to sign on your behalf.
- Have the signature notarized to validate the document.
Who should use this form
This form is intended for use by parties who have entered into a judgment agreement in Alabama and have completed the terms of that agreement. This typically includes plaintiffs who have successfully collected on a judgment against a defendant and need to confirm that all payments have been made.
Key components of the form
The Alabama Satisfaction of Judgment includes several essential elements:
- Identification of the parties involved, including the plaintiff(s) and defendant(s).
- The cause number from the original judgment.
- The total amount paid, including any interest or fees.
- A declaration that the judgment has been satisfied.
- Signature lines for the plaintiff or their attorney and a notary public.
Common mistakes to avoid when using this form
To ensure the Alabama Satisfaction of Judgment is processed correctly, avoid these common errors:
- Failure to include all necessary names and details can render the form incomplete.
- Not having the document notarized may lead to legal complications.
- Incorrectly stating the amount paid can cause disputes.
- Not keeping a copy for personal records once filed can lead to lost documentation of the satisfaction.
What to expect during notarization or witnessing
When notarizing the Alabama Satisfaction of Judgment, you will need to present valid identification to the notary public. The notary will verify your identity and witness your signature on the form. They will then complete their section by affixing their signature and seal to the document, confirming that the notary process has been completed properly.
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FAQ
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.
In Alabama, a creditor can place a judgment lien on your real property (or your personal property or vehicle) in order to collect the judgment, and it will remain attached to your real property for 10 years, even if you sell the property.
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. Lenders may still check to see whether any outstanding judgments against a potential borrower exist.
A Satisfaction of Judgment is a document signed by one party acknowledge receipt of the payment. The Satisfaction of Judgment is then filed with the court. This is beneficial to the paying party for multiple reasons. One, the court is put on notice that the debt has been satisfied.
A Satisfaction of Judgment is a document signed by one party acknowledge receipt of the payment. The Satisfaction of Judgment is then filed with the court. This is beneficial to the paying party for multiple reasons. One, the court is put on notice that the debt has been satisfied.
Once a judgment is paid, whether in installments or a lump sum, a judgment creditor (the person who won the case) must acknowledge that the judgment has been paid by filing a Satisfaction of Judgment form with the court clerk.