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Colorado Satisfaction of Judgment

Acknowledgement Of Satisfaction Of Judgment Colorado

Name: Colorado Satisfaction of Judgment
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.66 (390 reviews)

Category:

Colorado Civil Procedure - Judgments - Satisfaction

State:

Colorado

Control #:

CO-0909-AA

Format:

Instant download

Description Colorado Satisfaction Judgment Form

This is a satisfaction of judgment which indicates that a judgment has been paid in full, including all fees, costs and interest. It acknowledges full and complete satisfaction of the judgment and directs that the judgment be marked as paid in full.

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FAQ

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.

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. Lenders may still check to see whether any outstanding judgments against a potential borrower exist.

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.

You may ask your judgment creditor to file a satisfaction of judgment form. The length of time gives to the creditor to file the form varies from state to state, but it is usually between 14 and 30 days after your request.

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.

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.

Acknowledgement Of Satisfaction Of Judgment Colorado

Description Colorado Satisfaction Judgment Form

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