Warrant of Satisfaction

State:
Multi-State
Control #:
US-RE-MOR-03261
Format:
Word; 
Rich Text
Instant download

Description

A document signed by a judgment creditor (the party owed the money judgment) stating that the full amount due on the judgment has been paid. A Warrant of Satisfaction is a type of legal document that acts as a certificate or confirmation of payment. It is an instrument by which a debtor acknowledges the payment of a debt and releases any security held for the debt. It is usually used when a loan has been fully paid off. There are two types of Warrant of Satisfaction: a Partial Warrant of Satisfaction and a Full Warrant of Satisfaction. A Partial Warrant of Satisfaction is issued when only a portion of the debt has been paid off. A Full Warrant of Satisfaction is issued when all the debt has been paid off in full. When a Warrant of Satisfaction is issued, it is signed by the debtor and witnessed by two other individuals. The document is then filed with the relevant court or public records office and serves as proof of payment and release of any security.

A Warrant of Satisfaction is a type of legal document that acts as a certificate or confirmation of payment. It is an instrument by which a debtor acknowledges the payment of a debt and releases any security held for the debt. It is usually used when a loan has been fully paid off. There are two types of Warrant of Satisfaction: a Partial Warrant of Satisfaction and a Full Warrant of Satisfaction. A Partial Warrant of Satisfaction is issued when only a portion of the debt has been paid off. A Full Warrant of Satisfaction is issued when all the debt has been paid off in full. When a Warrant of Satisfaction is issued, it is signed by the debtor and witnessed by two other individuals. The document is then filed with the relevant court or public records office and serves as proof of payment and release of any security.

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Warrant of Satisfaction