A Pennsylvania Precise For Assignment is a document used in the state of Pennsylvania to assign a promissory note or mortgage from one party to another. It is usually used when a lender wants to transfer ownership of a promissory note or mortgage to another lender or investor. It must be signed by the lender and the borrower and must include the name of the assignee, a description of the document being assigned, the date of the assignment, and the amount of the assignment. There are two main types of Pennsylvania Precise For Assignment: Promissory Note Assignment and Mortgage Assignment. A Promissory Note Assignment is used to assign a promissory note from one party to another, while a Mortgage Assignment is used to assign a mortgage from one party to another. Both types of assignments must include the lender's name, the borrower's name, the date of the assignment, and the amount of the assignment in order for the assignment to be valid.