Money For Due In Mecklenburg
Category:
State:
Multi-State
County:
Mecklenburg
Control #:
US-00422
Format:
Word;
Rich Text
Instant download
Description
The Assignment of Money Due form is a legal document used to transfer the rights to collect a debt from one party (the Assignor) to another party (the Assignee). This form is particularly valuable for attorneys, partners, owners, associates, paralegals, and legal assistants who manage financial transactions or debt collections. Key features include a clear declaration of the debt being assigned, a non-recourse clause which states that the Assignee is responsible for collecting the debt, and a warranty by the Assignor affirming the validity of the debt. Filling out the form requires detailing the specific debt amount, the date due, and including any relevant evidence such as attached documents. Editing instructions emphasize the importance of accuracy in the debt description and signatures from both the Assignor and Assignee. This form is beneficial in situations where businesses or individuals want to transfer their collections rights without assuming further liability. It’s essential for users to understand the implications of a non-recourse assignment and ensure that all parties involved are clearly identified and agree to the terms laid out in the document.
