St. Petersburg Florida Satisfaction of Judgment

Name: St. Petersburg Florida Satisfaction of Judgment
Brand: US Legal Forms
Rating: 4.55 (238 reviews)

Category:

Florida Civil Procedure - Judgments - Satisfaction

State:

Florida

Control #:

FL-00744BG

Format:

Instant download

Description

This document should be recorded in the county in which the judgment was rendered and acknowledged before a notary public. A satisfaction can be executed, acknowledged and filed by the attorney of record for the holder, but only if payment is made in full.

How to fill out St. Petersburg Florida Satisfaction Of Judgment?

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FAQ

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.

The Judgment may then be satisfied by the Clerk of Court upon the following conditions: Payment of the full amount of the Judgment plus interest as well as court registry fees. (Fee for receiving money into the registry of the court - 3% of the first $500.00 plus 1.5% of the balance of the deposit.)

This satisfaction of judgment is a general form. It is a new form. To ensure identity of the signer, notarization is prudent but not required. If a certified copy of the judgment is recorded, it may be prudent to include that recording information.

A judgment is good for 10 years and Florida allows a creditor to ?renew? a judgment before the expiration of the 10 years for an additional 10 years, thus giving a judgment almost unending life.

As a judgment creditor, you can have a lien placed on the Defendant's property which may prevent him or her from selling the property without paying the judgment. You can also have the sheriff seize and sell any non-exempt property the Defendant owns, garnish non-exempt wages, or take non-exempt bank accounts, etc.

In Florida, final judgments are entered against the losing party (judgment debtor) in favor of the prevailing party (judgment creditor). Debt collection laws allow a creditor to begin the collection process once a final judgment is entered.

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.

Return to the Clerk of the Court that originally issued your judgment and ask for a Writ of Execution. Deliver the Writ to the sheriff's department for the county where the debtor's property is located. Provide the sheriff's department with: A deposit to cover their fees and costs.

St. Petersburg Florida Satisfaction of Judgment

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