Q: Hello: for a car loan judment was filed against me in 2010 but now in 2016 bank filed judgment release - please explain
in 2007 took carloan ..fell behind in 2009 - bank filed lawsuit and won judgment of $24K. recorded judgment in county. In 2016 now they filed release of judgment - judgment satisfied in full (other) . dmv record still says bank is lein holder. what does that mean ? auto still with me. WFS was original lender
A: Did they collect against you already? If they released the judgment, it should mean the judgment was satisfied or paid off. Regarding the DMV, the judgment-creditor likely needs to file something with the DMV to inform them that the judgment has been satisfied. The DMV is not part of the court system or county recording system; they need to receive notice as well.
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