NOTICE of SATISFACTION Form
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What does notice of satisfaction mean?
Notice of Satisfaction means a document or form approved by the Director or designee, which states that all outstanding civil penalties and costs have been paid in full, negotiated to an agreed amount, or resolved by a subsequent administrative or judicial decision.
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What does satisfaction mean in court?
Primary tabs. Satisfaction is the fulfillment of an obligation. The term is often used in the context of contract law when one performs their duties under the contract. The term is also often found in the context of judgments in determining whether a party discharged their liability from a judgment.
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What does it mean when a case is satisfied?
If the debtor has paid the judgment and all accumulated fees, costs and interest, the creditor is required to file an acknowledgment of satisfaction in the court that entered the original judgment and serve a copy on the debtor. This tells the court that the case is finished.
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What does satisfaction mean in law?
Primary tabs. Satisfaction is the fulfillment of an obligation. The term is often used in the context of contract law when one performs their duties under the contract. The term is also often found in the context of judgments in determining whether a party discharged their liability from a judgment.
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What does it mean when a case is satisfied?
If the debtor has paid the judgment and all accumulated fees, costs and interest, the creditor is required to file an acknowledgment of satisfaction in the court that entered the original judgment and serve a copy on the debtor. This tells the court that the case is finished.
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What does full satisfaction mean in court?
When you are fully paid, you must fill out and file an Acknowledgment of Satisfaction of Judgment form. This is like a receipt for payment. The person who owed you money can use it to remove everything from their record that shows they owe you money.
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How to get a letter of satisfaction?
Once your financial institution determines that your mortgage has been paid off (i.e., satisfied), that company will issue a satisfaction document, which gets recorded in the Official Records. Once recorded in the Official Records, the company should send you the original document for your files.
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What does "notice of satisfaction" mean?
Notice of Satisfaction means a document or form approved by the Director or designee, which states that all outstanding civil penalties and costs have been paid in full, negotiated to an agreed amount, or resolved by a subsequent administrative or judicial decision.
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