Oregon Satisfaction of Money Award is an award program available in the state of Oregon to recognize individuals who have paid their debts in full. There are two types of awards available: the General Satisfaction of Money Award and the Special Satisfaction of Money Award. The General Satisfaction of Money Award is available to anyone who has paid all of their debts in full, regardless of when they were incurred. The award is a certificate of recognition that can be used to demonstrate to credit providers, potential employers and other third parties that the individual has a history of good financial management. The Special Satisfaction of Money Award is available to individuals who have paid all of their debts in full within the last twelve months. This award is more prestigious and can be used to demonstrate a commitment to financial responsibility over the long-term. Both awards are administered by the Oregon Department of Revenue and can be applied for on their website. The process for both awards is the same and requires individuals to submit proof that all of their debts have been paid in full. Once approved, the award will be mailed to the applicant for display.
Oregon Satisfaction of Money Award
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FAQ
You don't have an unlimited amount of time to file a claim. You'll have to bring it within the statute of limitations period for your particular case. For example, the Oregon statute of limitations is six years for contract and property damage cases, and two years for personal injury matters.
Generally, a defendant/debtor must pay the judgment within 30 days or within the amount of time mandated by the court. If a judgment debtor does not pay, the court cannot collect the debt for you. However, you can pursue collection on your own.
(4) Partial Satisfaction of Judgment: A partial satisfaction of judgment may be obtained by the applicant when less than the full amount of the money judgment has been paid.
OJCIN Online. OJCIN is the Oregon Judicial Case Information Network. It contains the judgment dockets and official Register of Actions from Oregon State Courts, including trial, appellate, and tax courts. OJCIN OnLine allows registered users to search those records.
If you have received a judgment and the defendant refuses to pay it, you may be able to have his or her wages or bank account garnished. The court does not provide garnishment forms. The forms may be purchased at a store that sells legal forms.
Way too long to ignore. For non-governmental judgments, they last for 10 (yep, ten) years. And, so long as the creditor files a renewal prior to the expiration of that ten-year term, it is renewed for another 10 years.
Oregon law protects, or exempts, some of your owned property, income or equity in property from being taken by creditors if they obtain a judgment against you.
Oregon's statute of limitations on judgments is ten years, meaning that if the creditor goes to court before your contractual statute of limitations has expired, they can receive a judgment that allows them to pursue you on the debt for up to ten years and not the original six years.