WHAT IS SATISFACTION OF JUDGEMENT?
When the benefits, rights and obligations
established by a Judgement between the parties
have been exchanged, the Judgement is said
to have been satisfied. Until satisfaction,
the Judgement remains outstanding and unsatisfied.
Satisfaction
of a money Judgement occurs when the Judgement
debtor pays money to the Judgement creditor.
The satisfaction may be partial or the satisfaction
may be in full. Credit reports on Judgement
debtors issued by credit reporting agencies
should reflect all partial and full satisfactions
of Judgements.
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