US Legal Forms
Illinois Release and Satisfaction Of Judgment

Illinois Release and Satisfaction Of Judgment

Name: Illinois Release and Satisfaction Of Judgment
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.61 (455 reviews)

Category:

Illinois Local County - Kendall - General

State:

Illinois

Control #:

IL-18

Format:

Instant download

This website is not affiliated with any governmental entity

Public form

Description

Release and Satisfaction Of Judgment Illinois Release and Satisfaction Of Judgment is a legal document that is used to discharge a judgment lien against a real estate property in the state of Illinois. It is completed by the judgment creditor, or plaintiff, to release their claim to the property. The judgment lien is a legal claim created by a court order that attaches to the real estate and must be paid before the property can be sold or transferred. There are two types of Illinois Release and Satisfaction Of Judgment: release of lien and full satisfaction. A release of lien form is used when the judgment creditor agrees to accept a payment that is less than the full amount of the judgment. A full satisfaction form is used when the judgment creditor agrees to accept a payment that is equal to the full amount of the judgment.

Illinois Release and Satisfaction Of Judgment is a legal document that is used to discharge a judgment lien against a real estate property in the state of Illinois. It is completed by the judgment creditor, or plaintiff, to release their claim to the property. The judgment lien is a legal claim created by a court order that attaches to the real estate and must be paid before the property can be sold or transferred. There are two types of Illinois Release and Satisfaction Of Judgment: release of lien and full satisfaction. A release of lien form is used when the judgment creditor agrees to accept a payment that is less than the full amount of the judgment. A full satisfaction form is used when the judgment creditor agrees to accept a payment that is equal to the full amount of the judgment.

View Standard Net Lease

View this form

View Work Agreement

View this form

View Covid 19 Impact Notice

View this form

View Request for Repairs

View this form

View Sample Letter to Landlord to Report Violation of Implied Warranty of Habitability

View this form

How to fill out Illinois Release And Satisfaction Of Judgment?

How much time and resources do you normally spend on drafting formal paperwork? There’s a greater opportunity to get such forms than hiring legal specialists or wasting hours browsing the web for a suitable template. US Legal Forms is the premier online library that offers professionally designed and verified state-specific legal documents for any purpose, like the Illinois Release and Satisfaction Of Judgment.

To acquire and prepare a suitable Illinois Release and Satisfaction Of Judgment template, follow these simple steps:

Examine the form content to make sure it complies with your state regulations. To do so, read the form description or take advantage of the Preview option.
If your legal template doesn’t satisfy your needs, find a different one using the search bar at the top of the page.
If you already have an account with us, log in and download the Illinois Release and Satisfaction Of Judgment. If not, proceed to the next steps.
Click Buy now once you find the right document. Opt for the subscription plan that suits you best to access our library’s full opportunities.
Create an account and pay for your subscription. You can make a payment with your credit card or through PayPal - our service is absolutely safe for that.
Download your Illinois Release and Satisfaction Of Judgment on your device and complete it on a printed-out hard copy or electronically.

Another benefit of our service is that you can access previously acquired documents that you safely keep in your profile in the My Forms tab. Get them at any moment and re-complete your paperwork as frequently as you need.

Save time and effort completing official paperwork with US Legal Forms, one of the most trustworthy web solutions. Join us now!

Form Rating

4.61

Satisfied(455)

Form popularity

FAQ

Illinois law governs the enforcement and resurrection of judgments. Under Illinois law, judgments have an enforcement time limit of seven years from the date of their entry.

Section 137-100-0020 - Request for Satisfaction (1) An applicant who has fully or partially paid a money judgment imposed in a criminal proceeding may obtain a full or partial satisfaction of judgment from the Issuer of Satisfactions upon written request.

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.

Satisfaction of a judgment means that the judgment is no longer a lien on the debtor's real property. The courts cannot control the actions of third parties, but usually, the fact of satisfaction is recorded by the major credit reporting agencies and included in the debtor's credit history.

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. It's easy to get a copy of a Satisfaction of Judgment form.

Judgments, unless they fall into an exception below, live in 7 year installments. But with the right timing, a judgment can be enforced for 27 years. After a judgment is entered, the person who is owed the money, called the "creditor," can enforce the judgment for 7 years.

Satisfaction of Judgment: Once a defendant has paid-off a judgment, this form is used by the person receiving the money or property to let the court know that the judgment has been paid. Do not use this form to satisfy a judgment that contains an ongoing obligation, i.e. child support or maintenance.

Tells the court and others that a judgment has been paid in full or in part. Can be recorded with a county to release a lien against the judgment debtor's land or filed with the Secretary of State to release a lien against the debtor's personal property.

More info

A Satisfaction of Judgment (also known as a Release and Satisfaction) is a legal document that shows that the plaintiff has been paid all that he or she is owed, based upon the original judgment against the defendant. A Satisfaction of Judgement is proof you paid what you owed.A Release and Satisfaction is a document stating that the judgment has been fully paid. This is also known as a Satisfaction of Judgment. Release Satisfaction of Judgment. Defendant. RELEASE AND SATISFACTION OF JUDGMENT. NOTICE TO JUDGMENT DEBTOR: If this is an acknowledgment of full satisfaction of judgment, it will have to be recorded in each. Instructions and Procedures: How to complete a satisfaction of judgment and lien release. Complete this form if: • You were awarded a judgment, and. The winning party must serve a copy of the completed Satisfaction of Judgment (Form 9) on each losing party in the Small Claims Court case.

Illinois Release and Satisfaction Of Judgment

Description

Related forms

How to fill out Illinois Release And Satisfaction Of Judgment?

Show more info

Form Rating

Form popularity

FAQ

How long does a Judgement stay on your record in Illinois?

What is a request for satisfaction?

What does satisfaction and release of Judgement mean?

What is the purpose of the satisfaction of judgment?

How do you satisfy a Judgement?

Does a Judgement ever go away in Illinois?

What is satisfaction of judgment Missouri?

What does satisfaction of judgment letter mean?

More info

Trusted and secure by over 3 million people of the world’s leading companies