Payment For Due Course In Massachusetts
Category:
State:
Multi-State
Control #:
US-00422
Format:
Word;
Rich Text
Instant download
Description
The Assignment of Money Due form is a legal document used in Massachusetts to transfer rights to collect a debt from one party to another. This non-recourse assignment means the assignee takes on the responsibility of collection but cannot hold the assignor liable for the debt. Key features include a section for detailing the debt being assigned, including the amount and due date, as well as a warranty by the assignor that the debt is valid. When filling out the form, the users must clearly identify both the assignor and assignee, provide detailed descriptions of the debt, and sign and date the document appropriately. Attorneys, partners, owners, associates, paralegals, and legal assistants will find this form useful when managing client debts or facilitating debt transactions. It serves as a straightforward tool for legal and financial professionals looking to formalize the assignment of debts while ensuring compliance with Massachusetts laws. Users should ensure clarity and accuracy when detailing the debts to avoid potential disputes regarding the validity of the assignment.
