This is a form of a Partial Release of Judgment Lien.
Oregon Partial Release of Judgment Lien
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Multi-State
Control #:
US-OG-543
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Word;
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How to fill out Partial Release Of Judgment Lien?
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FAQ
Once you have received payment from the customer, you must complete and file an Oregon satisfaction of lien form to release a mechanic's lien in Oregon (also known as a construction lien).
A judgment lien is created automatically on any debtor property located in the Oregon county where the judgment is entered. For debtor property in another Oregon county, the creditor must record the judgment in the County Clerk Lien Record for the county where the property is located.
A partial satisfaction of judgment may be issued when less than the full amount of the monetary obligation has been paid. ORS 137.452.
If you have received a judgment and the defendant refuses to pay it, you may be able to have his or her wages or bank account garnished. The court does not provide garnishment forms. The forms may be purchased at a store that sells legal forms.
You must hire a levying officer (a registered process server or a sheriff's deputy) to collect your judgment. You cannot serve the Writ yourself. Look at the information you have about your debtor's assets. Then tell the levying officer about the assets and where they are.
To garnish the wages of a debtor: Complete and file a ?Praecipe? form with the court. This form is available from the Trial Court Administrator's office. 2. Obtain the writ of garnishment forms and complete the necessary information.
The judge's decision is final. Once you receive your notice that the judgment was entered, you must send the defendant a written demand for payment. This letter must be sent by certified mail, return receipt requested. The Oregon Judicial Department does not provide forms for demand letters.
In Oregon, the deadline is six years for a mortgage, medical or credit card debt, auto loans, and other contract debts. Unfortunately, state tax debt doesn't have a statute of limitation. Note that the statute of limitations doesn't start when you were last billed but starts with your last payment on your debt.