Utah Satisfaction of Judgment
Definition and meaning
The Utah Satisfaction of Judgment is a legal document that signifies the full repayment of a judgment rendered by a court. When a plaintiff wins a case and receives a monetary award, the defendant is obliged to satisfy this judgment. Once the payment is made in full, the plaintiff files this document, indicating that the judgment has been satisfied and no further payment is due.
How to complete a form
To properly complete a Utah Satisfaction of Judgment, follow these steps:
- Identify the court and case number associated with the judgment.
- Fill in the names of the plaintiff and defendant along with their roles in the case.
- Specify the amount of the judgment, including any interest and fees.
- Sign the document as the plaintiff or the attorney representing the plaintiff.
- Include necessary notarization for validation of the signatures.
Who should use this form
This form is intended for use by individuals or legal entities who have received a judgment in their favor and have subsequently received full payment from the party who owed them. It is relevant for plaintiffs seeking to formally declare that the judgment has been satisfied, thereby releasing the defendant from further payments and financial obligation under that judgment.
Key components of the form
The Utah Satisfaction of Judgment includes several essential components:
- The court's name and case number, which helps to identify the original judgment.
- The names of the plaintiff and defendant.
- The judgment amount and any additional fees or interest.
- Signature and acknowledgment sections that may require notarization.
- Certificate of mailing to prove that copies were sent to relevant parties.
What to expect during notarization or witnessing
When notarizing the Utah Satisfaction of Judgment, the signer will present the document to a notary public. The notary will verify the identity of the signer, ensure they understand the document, and witness their signature. The notary will then apply their seal and complete the acknowledgment section. It's important to have identification ready, as this will be required by the notary to confirm identity.
Form popularity
FAQ
You will need one original, notarized copy for the judgment debtor. If you recorded an abstract of judgment to place a lien against the debtor's real property, you will need an original, notarized copy of your Acknowledgment of Satisfaction of Judgment (EJ-100) for each county where you placed a lien.
While a vacated judgment is typically the best-case scenario, the unfortunate truth is most legitimate judgments satisfied or not aren't going away anytime soon. In fact, judgments will generally remain on your credit report for seven years from the judgment date (the day the judgment was filed) before expiring.
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.You should pay legitimate judgments and dispute inaccurate judgments to ensure these do not affect your finances unduly.
Once a judgment is paid, whether in installments or a lump sum, a judgment creditor (the person who won the case) must acknowledge that the judgment has been paid by filing a Satisfaction of Judgment form with the court clerk.
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.
There are a few ways you can satisfy or avoid a lien altogether. The firstand most obviousoption is to repay the debt. If you pay off your obligation, the creditor will remove the lien. This is done by filing a release through the same place the lien was recordedthe county or state.
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.
Satisfaction by Levy A judgment creditor's obligation to give or file an acknowledgement of satisfaction arises only when the judgment creditor received the full amount required to satisfy the judgment from the levying officer.
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 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.