Payment With Due Date In Minnesota
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 Minnesota to facilitate the transfer of a specified debt from one party (the Assignor) to another (the Assignee). This form is particularly useful in transactions where one party wants to assign a right to collect money owed to them without recourse to the Assignor, meaning they are not responsible for ensuring the debt is collected. Key features include the identification of the parties involved, a description of the debt assigned, and the acknowledgment of the debt's validity by the Assignor. Positive filling and editing instructions emphasize ensuring all fields are accurately completed and that the debt details are clear and specific. This document is relevant to various legal professionals including attorneys, partners, and associates who may handle debt collection and transactions. Paralegals and legal assistants will find it essential for managing debt assignments, ensuring all procedural details are met for effective legal compliance.
