Q: Is a notarized satisfied lien legally binding if creditor demands payment later?
I had a boat loan which was fully settled, as confirmed by a signed and notarized document from the creditor stating that all obligations were met. Afterward, I attempted multiple times, through phone calls and a visit to their branch 70 miles away, to pay them, but was always told the case was closed. They even returned my original check, reinforcing that the matter was settled. Now, on February 26th or 27th, the creditor is demanding payment again and has reported me to a credit bureau. What are my options, and is the original notarized document legally binding to prevent them from making additional claims?
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- Tennessee
- (865) 637-3035
- View Profile
- Answered
A: If you get sued, use the satisfaction in Court. Make a written dispute with the credit agencies, citing the satisfaction.
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