California Codes, Code of Civil Procedure - CCP, Part 2 — Of Civil Actions, Title 9 — Enforcement of Judgments, Division 5 — Satisfaction of Judgment, Chapter 1 — Satisfaction of Judgment, Section 724.010
(a) A money judgment may be satisfied by payment of the full amount required to satisfy the judgment or by acceptance by the judgment creditor of a lesser sum in full satisfaction of the judgment.
(b) Where a money judgment is satisfied by levy, the obligation of the judgment creditor to give or file an acknowledgment of satisfaction arises only when the judgment creditor has received the full amount required to satisfy the judgment from the levying officer.
(c) Where a money judgment is satisfied by payment to the judgment creditor by check or other form of noncash payment that is to be honored upon presentation by the judgment creditor for payment, the obligation of the judgment creditor to give or file an acknowledgment of satisfaction of judgment arises only when the check or other form of noncash payment has actually been honored upon presentation for payment.
Notes
Allows a money judgment to be satisfied by full payment or by the creditor accepting a lesser sum as full satisfaction. When satisfaction occurs by levy, the creditor’s acknowledgment duty arises only after receiving the full required amount from the levying officer; with a check or other noncash payment, that duty arises only after the payment is actually honored.
Use as reference
Lexinter.net | California Code, Code of Civil Procedure - CCP § 724.010 | https://laws.lexinter.net/codes/california/code-of-civil-procedure/part-2/title-9/division-5/chapter-1/section-724-010