Assignment On Money In California
Category:
State:
Multi-State
Control #:
US-00422
Format:
Word;
Rich Text
Instant download
Description
The Assignment of Money Due is a legal form used in California to formally transfer a right to collect a specific debt from one party to another. The assigning party, known as the Assignor, sells their interest in the debt to the Assignee, who becomes responsible for collection. This form requires a detailed description of the debt being assigned, including the amount and due date. As a non-recourse assignment, it guarantees that the Assignor defends the validity of the debt but places the responsibility of collection on the Assignee. Attorneys, partners, owners, associates, paralegals, and legal assistants will find this form useful for managing debt assignments in various legal and business contexts. It allows for formal documentation of the transfer, which can be crucial for legal clarity and financial accountability. Filling out the form requires attention to detail in describing the debt and entering the appropriate names and dates. Overall, this assignment form streamlines the process of debt collection and strengthens the rights of the Assignee.
