North Dakota Release of Judgment Lien - By Creditor
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How to fill out Release Of Judgment Lien - By Creditor?
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FAQ
The judgment creditor must apply for a writ of execution in the same North Dakota county that ordered the judgment. For foreign judgments registered in North Dakota, the judgment creditor must apply for a writ of execution in the same North Dakota county where the foreign judgment is registered.
A person who has received a financial award from a court is known as a judgement debtor. The losing party is required to pay the award's sum, known as the judgement debt, if the court issues a judgement calling for monetary damages.
A judgment generally operates to settle finally and authoritatively matters in dispute before a court. Judgments may be classified as in personam, in rem, or quasi in rem.
For example, a customer may seek a civil judgment against a company for a breached contract, or two neighbors may seek legal remedies in a property dispute. These types of judgments typically result in monetary compensation to the injured party, but they may also involve additional fines or penalties.
Judgment creditor. noun [ C ] LAW ( UK also judgement creditor) Add to word list Add to word list. a person or company that a court of law has decided has the legal right to receive money from another person or company.
Judgment creditors usually record this kind of lien on property with title papers, such as a car or a business's assets. If, for example, you tried to sell your car, the lien would appear, and you'd have to pay off the judgment creditor before selling.
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.
FindLaw Newsletters Stay up-to-date with how the law affects your life Injury to PersonSix years (N.D.C.C. § 28-01-16)ContractsWritten: Six years (N.D.C.C. § 28-01-16(1)) ); Oral: Six years (N.D.C.C. § 28-01-16(1))Collection of Debt on AccountSix years (N.D.C.C. § 28-01-16(1))Judgments10 years (N.D.C.C. § 28-01-15)7 more rows
