Form HSMV 74038. Satisfaction of Judgment
Form HSMV 74038, Satisfaction of Judgment, is a vital document provided by the Florida Department of Highway Safety and Motor Vehicles. This form serves the purpose of acknowledging the full payment or resolution of a judgment against an individual or entity related to a motor vehicle incident.
The form consists of multiple sections that require accurate completion. It includes fields such as the case number, date of satisfaction, the name of the judgment creditor (the party who received the judgment), the name of the judgment debtor (the party against whom the judgment was made), and the amount satisfied. Additionally, the form requires the signature of the judgment creditor or their attorney.
When filling out Form HSMV 74038, it is crucial to provide precise and up-to-date information to avoid any discrepancies. The data required for completion includes the case number obtained from the court, the exact amount satisfied, and the names of both the judgment creditor and judgment debtor as stated in the court judgment.
No additional documents need to be attached to the form. However, it is advisable to retain a copy of the court judgment and any relevant supporting documents for personal records.
This form is necessary in various scenarios such as satisfying a judgment resulting from a motor vehicle accident, fulfilling a court-ordered fine, or resolving a financial obligation related to a motor vehicle violation. It acts as proof that the judgment has been settled and serves to update the records held by the Florida Department of Highway Safety and Motor Vehicles.
An example application of this form could be when an individual involved in a car accident has been sued and subsequently ordered by the court to pay a settlement amount to the injured party. Once the payment is made in full, the judgment creditor can complete Form HSMV 74038 to inform the Department of Highway Safety and Motor Vehicles about the satisfaction of the judgment.
While there may not be direct related or alternative forms to HSMV 74038, other relevant forms could include court documents related to the original judgment or financial statements that demonstrate the payment made. However, these forms serve different purposes and are not substitutes for Form HSMV 74038.
Once filled out, the form can be submitted to the Florida Department of Highway Safety and Motor Vehicles either by mail or in person at their designated offices. It is essential to retain a copy of the completed form for personal records.
The Department stores the submitted Form HSMV 74038 within their database, ensuring accurate record-keeping and updating the individual's motor vehicle history accordingly. This helps maintain a comprehensive record of the satisfaction of judgments related to motor vehicle incidents in the state of Florida.