A Louisiana Order Recognizing Satisfaction of Judgment is a document issued by a court in Louisiana that officially recognizes that a judgment or debt obligation has been paid in full. This document is usually issued to the party or parties involved in the original case once all the obligations of the judgment have been satisfied and the debt is considered fully paid. There are two types of Louisiana Order Recognizing Satisfaction of Judgment: a final judgment and a partial judgment. A final judgment is issued when all claims in the original case have been resolved and the debt has been paid in full, while a partial judgment is issued when only a portion of the debt has been satisfied.
Louisiana Order Recognizing Satisfaction of Judgment
State:
Louisiana
Control #:
LA-SKU-0268
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PDF
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Order Recognizing Satisfaction Of Judgment
How to fill out Louisiana Order Recognizing Satisfaction Of Judgment?
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FAQ
The law requires a judgment creditor to file a "Satisfaction of Judgment" with the clerk of court upon receiving payment in full on an outstanding civil judgment. The judgment creditor is the one who is awarded money to be paid by the losing party. This may be the plaintiff or the defendant on a counterclaim.
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.
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.
The Satisfaction of Judgment is proof that you have paid your debt. Without Satisfaction of Judgment, your credit score will be affected. If you have an unpaid judgment on your credit report, this will lower your score and may prevent you from obtaining a loan, purchasing a home, or renting an apartment.
A satisfaction of judgment is a document signed by a judgment creditor and generally filed with the court, indicating that a judgment has been paid in full.
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.
A satisfaction of judgment is a document signed by a judgment creditor and generally filed with the court, indicating that a judgment has been paid in full.
Whenever the entire amount due on a judgment, including interest, is paid in full, the holder of a judgment must execute a satisfaction of judgment and record the satisfaction in those counties where a certified copy of the judgment was previously recorded.