Money Assignment For Class 3 In Harris
Category:
State:
Multi-State
County:
Harris
Control #:
US-00422
Format:
Word;
Rich Text
Instant download
Description
The Assignment of Money Due form is designed for the transfer of rights to a specific debt from one party (the Assignor) to another (the Assignee). This document ensures that the Assignee has the authority to collect the stated debt, which may include amounts due from open accounts or other receivables. The form includes a clear section for the description of the debt, enabling users to specify the debtor, amount owed, and due date. Importantly, this is a non-recourse assignment, meaning it is the Assignee's responsibility to collect the debt without recourse to the Assignor. Legal professionals such as attorneys, partners, and paralegals will find this form useful for facilitating debt recovery while ensuring that the Assignor provides a warranty of the debt's validity. Users can fill out this form easily by entering the required details in the designated spaces and signing in recognition of the assignment. This form serves local businesses, financial institutions, and legal firms involved in debt management, making it a practical tool in financial transactions and collections.
