Satisfaction of Judgment and Release of Judgment Lien: This form is used when a judgment previously rendered against the Defendant, has been satisfied and/or paid. Upon satisfying the judgment, the Defendant uses this form to request any liens against him/her be removed or released. This form is available for download in both Word and Rich Text formats.
Phoenix Arizona Satisfaction of Judgment and Release of Judgment Lien
State:
Arizona
City:
Phoenix
Control #:
AZ-JDMT-3
Format:
Word;
Rich Text
Instant download
Description
How to fill out Arizona Satisfaction Of Judgment And Release Of Judgment Lien?
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FAQ
How long does a judgment lien last in Arizona? A judgment lien in Arizona will remain attached to the debtor's property (even if the property changes hands) for five years.
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. It's easy to get a copy of a Satisfaction of Judgment form.
I. In Arizona, a judgment is initially effective for ten years after the date of its entry, and execution must be accomplished within that period. A.R.S. § 12-1551(B).
Satisfaction of a judgment means that the judgment is no longer a lien on the debtor's real property. The courts cannot control the actions of third parties, but usually, the fact of satisfaction is recorded by the major credit reporting agencies and included in the debtor's credit history.
Satisfaction and release is the formal paperwork stating that a consumer has paid the full amount owed under a court judgment. A satisfaction and release proves that they have paid their debt and prevents creditors from trying to recover more money from them.
A motion to vacate must be filed within a reasonable time. For reasons (1) and (2), the motion must be filed no more than 6 months after the entry of the judgment or date of the proceeding, whichever is later. (c) Providing the Motion to the Other Party and Time for Response.
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.
Satisfaction of Judgment. A document indicating a judgment has been paid or otherwise is no longer due, required to be filed with the clerk of each court where the judgment has been docketed and also recorded in the office of each county recorder where the judgment has been recorded.
