Memorandum of Judgment Law and Legal Definition
Memorandum of judgment is a brief summary or outline of a judgment which specifies the name of the court that entered the judgment, date, amount, name of the party in whose favor and name of the party against whom entered.
Examples of case law ( Illinois) on memorandum of judgment In order to create a valid judgment lien, the document which was recorded must be a memorandum of judgment. Section 12-101 of the Code defines "memorandum" as follows: "The term 'memorandum' as used in this Section means a memorandum or copy of the judgment signed by a judge or a copy attested by the clerk of the court entering it and showing the court in which entered, date, amount, number of the case in which it was entered, name of the party in whose favor and name of the party against whom entered." (Ill. Rev. Stat. 1983, ch. 110, par. 12-101.)First Nat'l Bank v. Fryman, 236 Ill. App. 3d 754, 758 (Ill. App. Ct. 4th Dist. 1992)
With regard to a lien it is the actual filing of the memorandum of judgment by the recorder that creates the lien, not the mailing of such memorandum to the recorder's office to be filed. Moler v. Nonilco Corp., 152 Bankr. 561 (Bankr. S.D. Ill. 1993).
A memorandum of judgment is a notice document.[First Nat'l Bank v. Fryman, 236 Ill. App. 3d 754, 759 (Ill. App. Ct. 4th Dist. 1992)]