Kings New York Acknowledgment by Debtor of Correctness of Account Stated

• Category: Loans and Lending - Creditors
• State: Multi-State
• County: Kings
• Control #: US-0163BG
• Format: Word; Rich Text

Description

An account stated is a statement between a creditor and a debtor based upon a series of prior transactions. Hence, an account stated arises when a particular amount is owed to the creditor by the debtor as of a certain date. An account stated refers to either an agreement itself or to the assent giving rise to the agreement. The agreement to pay the balance amount can be either express or implied. When the agreement to pay is in the nature of a computation, then it is called account stated. Kings New York Acknowledgment by Debtor of Correctness of Account Stated is a legal document used in the state of New York to confirm the accuracy of an account statement provided by a creditor. This form serves as an acknowledgment by the debtor that the account statement is correct and that they owe the specified amount to the creditor. The purpose of the Kings New York Acknowledgment by Debtor of Correctness of Account Stated is to establish a legal record of the debtor's confirmation that the account statement is accurate. This document is often required in various situations, including debt settlement negotiations, legal disputes, or when applying for loans or credit. The Kings New York Acknowledgment by Debtor of Correctness of Account Stated typically includes the following information: 1. Creditor's Information: The name, address, and contact details of the creditor who issued the account statement. 2. Debtor's Information: The name, address, and contact details of the debtor acknowledging the correctness of the account stated. 3. Account Information: The specific details of the account, including the account number, outstanding balance, and any relevant dates or periods covered by the account statement. 4. Confirmation of Accuracy: A statement signed by the debtor acknowledging that they have reviewed the account statement and agree that it accurately reflects their financial obligations to the creditor. 5. Signature and Date: The debtor is required to sign and date the acknowledgment to validate its authenticity and to demonstrate their acceptance of the account stated. Different types of Kings New York Acknowledgment by Debtor of Correctness of Account Stated may include variations depending on the specific industry or situation. For example, there might be specialized account stated forms for businesses, individuals, or specific types of debts such as credit card accounts or mortgage loans. It is crucial to consult a legal professional or expert to ensure that the Kings New York Acknowledgment by Debtor of Correctness of Account Stated form used is appropriate for the specific circumstances and adheres to the applicable laws and regulations.

Kings New York Acknowledgment by Debtor of Correctness of Account Stated is a legal document used in the state of New York to confirm the accuracy of an account statement provided by a creditor. This form serves as an acknowledgment by the debtor that the account statement is correct and that they owe the specified amount to the creditor. The purpose of the Kings New York Acknowledgment by Debtor of Correctness of Account Stated is to establish a legal record of the debtor's confirmation that the account statement is accurate. This document is often required in various situations, including debt settlement negotiations, legal disputes, or when applying for loans or credit. The Kings New York Acknowledgment by Debtor of Correctness of Account Stated typically includes the following information: 1. Creditor's Information: The name, address, and contact details of the creditor who issued the account statement. 2. Debtor's Information: The name, address, and contact details of the debtor acknowledging the correctness of the account stated. 3. Account Information: The specific details of the account, including the account number, outstanding balance, and any relevant dates or periods covered by the account statement. 4. Confirmation of Accuracy: A statement signed by the debtor acknowledging that they have reviewed the account statement and agree that it accurately reflects their financial obligations to the creditor. 5. Signature and Date: The debtor is required to sign and date the acknowledgment to validate its authenticity and to demonstrate their acceptance of the account stated. Different types of Kings New York Acknowledgment by Debtor of Correctness of Account Stated may include variations depending on the specific industry or situation. For example, there might be specialized account stated forms for businesses, individuals, or specific types of debts such as credit card accounts or mortgage loans. It is crucial to consult a legal professional or expert to ensure that the Kings New York Acknowledgment by Debtor of Correctness of Account Stated form used is appropriate for the specific circumstances and adheres to the applicable laws and regulations.