Legal Question in Credit and Debt Law in Ohio

What does this mean? Offical Satisfaction. and then it states The judgment in this matter having been paid the same is hereby satisfied and released of record.


Asked on 7/12/12, 1:15 pm

1 Answer from Attorneys

Eric Willison Eric Eastman Willison

In Ohio, when a creditor places a lien on any real estate you might own, and then you pay the entire amount of the judgment, the creditor will often file a notice with the court that you have satisfied all amounts owed and the lien will be removed.

If the creditor had reported you to a credit reporting agency and that credit reporting agency was still inaccurately reporting that you owed the amount, you could send a copy of that satisfaction of judgment to the credit reporting agency and the credit reporting agency would have to alter its records to reflect that the judgment had been paid.

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Answered on 7/12/12, 1:38 pm


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