N.Y. Civil Practice Law & Rules § 5020: Satisfaction-piece

§ 5020. Satisfaction-piece. (a) Generally. When a person entitled to

enforce a judgment receives satisfaction or partial satisfaction of the

judgment, he shall execute and file with the proper clerk pursuant to

subdivision (a) of section 5021, a satisfaction-piece or partial

satisfaction-piece acknowledged in the form required to entitle a deed

to be recorded, which shall set forth the book and page where the

judgment is docketed. A copy of the satisfaction-piece or partial

satisfaction-piece filed with the clerk shall be mailed to the judgment

debtor by the person entitled to enforce the judgment within ten days

after the date of filing.

(b) Attorney of record. Within ten years after the entry of a judgment

the attorney of record or the attorney named on the docket for the

judgment creditor may execute a satisfaction-piece or a partial

satisfaction-piece, but if his authority was revoked before it was

executed, the judgment may nevertheless be enforced against a person who

had actual notice of the revocation before a payment on the judgment was

made or a purchase of property bound by it was effected.

(c) When a judgment for less than five thousand dollars is fully

satisfied, if the person required to execute and file with the proper

clerk pursuant to subdivisions (a) and (d) of this section fails or

refuses to do so within twenty days after receiving full satisfaction,

then the judgment creditor shall be subject to a penalty of one hundred

dollars recoverable by the judgment debtor pursuant to section

seventy-two hundred two of this chapter or article eighteen of either

the New York City civil court act, uniform district court act or uniform

city court act. When a judgment for five thousand dollars or more is

fully satisfied, if the person required to execute and file with the

proper clerk pursuant to subdivisions (a) and (d) of this section fails

or refuses to do so within twenty days after receiving full

satisfaction, then the judgment creditor shall be subject to a penalty

of five hundred dollars recoverable by the judgment debtor pursuant to

section seventy-two hundred two of this chapter or article eighteen of

either the New York city civil court act, uniform district court act or

uniform city court act; provided, however, that such penalties shall not

be recoverable when a city with a population greater than one million

persons is the judgment creditor, unless such judgment creditor shall

fail to execute and file a satisfaction-piece with the proper clerk

pursuant to subdivisions (a) and (d) of this section within twenty days

after having been served by the judgment debtor with a written demand

therefor by certified mail, return receipt requested.

(d) Where a transcript of the docket of a judgment has been docketed

in any other county of the state pursuant to subdivision (a) of section

5018, the person required to execute and file with the proper clerk

pursuant to subdivision (a) hereof shall, upon receiving full

satisfaction, file a certificate of the clerk of the county in which the

judgment was entered, in accordance with subdivision (c) of section

5021, with the clerks of all other counties in which such judgment has

been docketed.