Money For Due In New York
Category:
State:
Multi-State
Control #:
US-00422
Format:
Word;
Rich Text
Instant download
Description
The Assignment of Money Due form is designed for the assignment of a specific debt in New York. It allows an Assignor to transfer all rights, title, and interest in a debt to an Assignee, providing clarity on the obligations of both parties. The utility of this form is significant for attorneys, partners, owners, associates, paralegals, and legal assistants who need to formalize the transfer of receivables or debts in a legally binding manner. Key features include the requirement for detailed descriptions of the debt, including the amount due and the due date. The form clearly establishes that it is a non-recourse assignment, meaning the Assignee is responsible for collection while the Assignor warrants the validity of the debt. Filling out the form involves accurately describing the debt and ensuring both parties sign and date the document. This form aids in preventing disputes by providing a written record of the agreement, making it a practical tool for individuals and businesses managing financial transactions in New York.
