RE: [ISBA RealEstate] judgment lien question
Tom Lacina <realestate@iabar.org>
Tuesday May 29, 2018 11:45


Section 624.20 says that when a judgment has been "satisfied by execution or otherwise, the clerk shall at once enter a memorandum thereof on the column left for that purpose in the judgment docket." 

Section 624.37 provides a mechanism for forcing the holder of a judgment to acknowledge satisfaction of that judgment in writing. 

My view has been that if a judgment is paid in full, then within the county where the judgment originated and where the clerk enters a "memorandum thereof," there is nothing further needed to be shown in the abstract. In other words, no satisfaction of judgment signed by the judgment holder is necessary. The primary purpose of section 624.37 is to clear up judgments that have been filed in other counties. 

Is that how others handle judgment liens?

Tom Lacina
Attorney at Law
 
Charnetski, Lacina & Clower, LLP
1022 Broad Street, P.O. Box 655, Grinnell, IA 50112-0655
Telephone: 641/236-4545, Telecopier: 641/236-8770 lacina@GrinnellLaw.com
 
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