Utah Assignment of Judgment

State:
Multi-State
Control #:
US-00762BG
Format:
Word; 
Rich Text
Instant download

Description

An Assignment of Judgment is used when one party wishes to assign his/her rights to a Judgment over to another individual. Such an assignment may be made for purposes of collection or in payment of a debt.

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FAQ

Judgment proof is a description of a person who does not have enough assets for a creditor to seize when a court order requires debt repayment. A debtor who is broke and unemployed can be considered judgment proof, as can a debtor who only has certain legally protected types of assets or income.

Utah Code Section 35A-4-314. The Unemployment Insurance Division may audit a creditor or other party for compliance with the data safeguard and security measures described in 20 C.F.R.

38-9-203 Civil liability for recording wrongful lien -- Damages. (1) A lien claimant who records or causes a wrongful lien to be recorded in the office of the county recorder against real property is liable to a record interest holder for any actual damages proximately caused by the wrongful lien.

The statute of limitations for renewing a judgment is 8 years from the date of the judgment. Utah Code Section 78B-2-311. The judgment creditor can renew the judgment, but must do so before the statute of limitations expires.

Partial satisfaction means that part, but not all, of the judgment has been paid. Satisfaction of a judgment means that the judgment is no longer a lien on the debtor's real property.

Definition. A life satisfaction judgment is the assessment a person makes of how well his or her life is going overall. Life satisfaction judgments figure centrally in well-being theories of philosophers and psychologists.

A satisfaction of judgment is a document signed by a judgment creditor and generally filed with the court, indicating that a judgment has been paid in full.

A Utah money judgment lasts for 8 years and then expires. You can renew a Utah money judgment for another 8 years, if the judgment creditor files a motion to renew within the original 8 year statute of limitations. The Utah Renewal of Judgment Act is found at Utah Code Ann. 78B-6-1801.

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Utah Assignment of Judgment