New Hampshire Notice of Assignment by Assignor to Obligor

• Category: Contracts - Assignments
• State: Multi-State
• Control #: US-0324BG
• Format: Word; Rich Text

Description

This form is a notice of assignment by assignor to obligor. A valid assignment takes effect the moment it is made regardless of whether notice of the assignment is given to the other party to the contract. If the obligor is notified that there has been an assignment and that any money due must be paid to the assignee, the obligor's obligation can only be discharged by making payment to the assignee. In other words, payment to the assignor would not satisfy the contract after notice. If the obligor does not know of the assignment and makes payments to the assignor who does not turn the money over to the assignee, the assignee cannot sue the obligor, but does have a remedy against the assignor. However, if the obligor both knows of the assignment and has been notified to make future payments to the assignee, any payments made by the obligor to the assignor have no effect and do not reduce the debt of the obligor.

A New Hampshire Notice of Assignment by Assignor to Obliged is a legal document used to inform the debtor, also referred to as the obliged, that their debt has been assigned or transferred to a new creditor. This notice serves to notify the debtor of the change in ownership and instructs them to make future payments to the new creditor. The document typically outlines the details of the assignment, such as the original creditor, the new creditor, and the assigned debt. Keywords: New Hampshire, Notice of Assignment, Assignor, Obliged, debtor, creditor, legal document, transferred, ownership, payments, assigned debt. Different types of New Hampshire Notice of Assignment by Assignor to Obliged may vary based on the type of debt being assigned, such as: 1. New Hampshire Notice of Assignment for a loan: This notice is used when a loan agreement is assigned to a new creditor. It specifies the loan amount, terms, and any other relevant information. 2. New Hampshire Notice of Assignment for a lease: In the case of a rental property, this notice is used to inform the tenant (obliged) about the assignment of the lease to a new landlord (assignor). 3. New Hampshire Notice of Assignment for a receivable: This notice is relevant when a company assigns its account receivables to another entity, usually a factor or debt buyer. 4. New Hampshire Notice of Assignment for a contract: In situations where contractual obligations need to be assigned to a new party, this notice ensures that the obliged is aware of the change and who to direct future payments to. These are just a few examples of different types of New Hampshire Notice of Assignment by Assignor to Obliged, with each document tailored to the specific circumstances of the assignment. It is crucial to use the appropriate notice form in order to comply with the legal requirements of New Hampshire and to ensure that the assignment is legally valid.