Tennessee Release of Judgment Lien - By Creditor

• Category: Oil Gas and Minerals - Releases
• State: Multi-State
• Control #: US-OG-1112
• Format: Word; Rich Text

Description

This form is a release of judgment lien by creditor. A Tennessee Release of Judgment Lien — By Creditor is a legal document utilized when a creditor wishes to release a judgment lien placed on a certain property belonging to a debtor. This written authorization effectively removes the lien and restores the debtor's ownership rights over the property. The Release of Judgment Lien is typically submitted to the appropriate county office or clerk's office to ensure public record accuracy. Keywords: Tennessee, release, judgment lien, creditor, property, debtor, authorization, ownership rights, written, county office, clerk's office, public record accuracy. There are different types of Tennessee Release of Judgment Lien — By Creditor which include: 1. Voluntary Release: This type of release is initiated by the judgment creditor when they choose to release the lien willingly. It is often utilized when the debtor has fully satisfied the judgment or when the creditor opts to release the lien for strategic reasons. 2. Partial Release: In certain cases, a creditor may release only part of a judgment lien. This is frequently done when a portion of the debt related to the lien has been paid off, and the creditor agrees to release the lien on the corresponding portion of the property. 3. Release by Compromise: Sometimes, parties involved in a judgment lien may come to a compromise agreement, leading to the release of the lien by the creditor. This type of release often occurs when the debtor agrees to a settlement amount or a structured payment plan. 4. Release upon Satisfaction: When a debtor pays the full amount owed as per the judgment, the creditor can proceed with the Release of Judgment Lien — By Creditor, indicating that the lien has been satisfied and should be removed. It is crucial to accurately complete and file the Tennessee Release of Judgment Lien — By Creditor to ensure the elimination of the lien and restoration of the debtor's property rights. Consulting with a legal professional is advisable to ensure compliance with Tennessee laws and guarantee that all necessary information is included in the release document.

A Tennessee Release of Judgment Lien — By Creditor is a legal document utilized when a creditor wishes to release a judgment lien placed on a certain property belonging to a debtor. This written authorization effectively removes the lien and restores the debtor's ownership rights over the property. The Release of Judgment Lien is typically submitted to the appropriate county office or clerk's office to ensure public record accuracy. Keywords: Tennessee, release, judgment lien, creditor, property, debtor, authorization, ownership rights, written, county office, clerk's office, public record accuracy. There are different types of Tennessee Release of Judgment Lien — By Creditor which include: 1. Voluntary Release: This type of release is initiated by the judgment creditor when they choose to release the lien willingly. It is often utilized when the debtor has fully satisfied the judgment or when the creditor opts to release the lien for strategic reasons. 2. Partial Release: In certain cases, a creditor may release only part of a judgment lien. This is frequently done when a portion of the debt related to the lien has been paid off, and the creditor agrees to release the lien on the corresponding portion of the property. 3. Release by Compromise: Sometimes, parties involved in a judgment lien may come to a compromise agreement, leading to the release of the lien by the creditor. This type of release often occurs when the debtor agrees to a settlement amount or a structured payment plan. 4. Release upon Satisfaction: When a debtor pays the full amount owed as per the judgment, the creditor can proceed with the Release of Judgment Lien — By Creditor, indicating that the lien has been satisfied and should be removed. It is crucial to accurately complete and file the Tennessee Release of Judgment Lien — By Creditor to ensure the elimination of the lien and restoration of the debtor's property rights. Consulting with a legal professional is advisable to ensure compliance with Tennessee laws and guarantee that all necessary information is included in the release document.