Tennessee Satisfaction of Judgment
Understanding this form
The Tennessee Satisfaction of Judgment is a legal document that confirms that a judgment has been fully paid, including any associated fees, costs, and interest. This form serves as official proof that the judgment against the defendant is satisfied and instructs the court to mark the judgment as paid in full. Unlike other legal forms that initiate proceedings, this one finalizes the debt obligation.
Main sections of this form
- Identification of the court and county involved in the original judgment.
- Details of the plaintiff(s) and defendant(s) including names and roles.
- Cause number associated with the original judgment.
- Statement confirming full satisfaction of the judgment, including all financial obligations.
- Authorization for marking the judgment as paid, with space for signatures.
- Notary acknowledgment for verification of signatures.
Legal requirements by state
This form is tailored to comply with Tennessee state law regarding the acknowledgment of judgment satisfaction. Ensure that all provided information is accurate and aligns with local court requirements, as the acknowledgment section varies by jurisdiction.
When to use this form
This form should be used when a judgment creditor has received full payment from the debtor on a judgment. It is important for creditors to issue a Satisfaction of Judgment to formally close the case and provide confirmation to the debtor that their obligations have been satisfied. This protects the debtor's credit report and gives them a clear record of payment.
Who this form is for
This form is for:
- Creditors who have obtained a judgment against a debtor and received full payment.
- Debtors who want to ensure that the judgment is officially marked as satisfied.
- Attorneys representing either party in the judgment process.
How to complete this form
- Identify the court and county where the original judgment was filed.
- Fill in the names of the plaintiff(s) and defendant(s) as they appear in the original judgment.
- Enter the cause number associated with the judgment.
- State the total amount of the judgment paid, including any applicable fees and interest.
- Sign and date the form and have it notarized.
Is notarization required?
This form needs to be notarized to ensure legal validity. US Legal Forms provides secure online notarization powered by Notarize, allowing you to complete the process through a verified video call, available anytime.
Typical mistakes to avoid
- Failing to fill in the cause number correctly.
- Not obtaining the required notarization.
- Omitting signatures from the plaintiff or attorney.
- Incorrectly stating the total amount paid, leading to disputes.
Why complete this form online
- Easy access and download, allowing you to fill out the form at your convenience.
- Editable templates ensure that all necessary information can be accurately included.
- Reliability of having professionally drafted forms created by licensed attorneys.
Form popularity
FAQ
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.If a civil judgment is still on your credit report, file a dispute with the appropriate credit reporting agencies to have it removed.
You may ask your judgment creditor to file a satisfaction of judgment form. The length of time gives to the creditor to file the form varies from state to state, but it is usually between 14 and 30 days after your request.
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.
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 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.
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.
