Task For Money In Pennsylvania
Category:
State:
Multi-State
Control #:
US-00422
Format:
Word;
Rich Text
Instant download
Description
The Assignment of Money Due is a legal document utilized in Pennsylvania for the transfer of rights to collect a debt from an Assignor to an Assignee. This form serves as a formal acknowledgment by the Assignor of the debt's existence and validity while transferring all related rights and interests to the Assignee. It is important to clearly describe the debt, including details such as the debtor's name, amount, and due date. This document is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants who are involved in debt collection or financial transactions. The form includes a warranty from the Assignor, ensuring the debt's validity while stipulating that the Assignee bears the responsibility for collection. Users should fill in all pertinent details accurately and execute the document on the designated date. The non-recourse nature of this assignment emphasizes that the Assignee cannot hold the Assignor liable for the debt's collection failure. This assignment is essential for professionals seeking to expedite debt recovery processes or document financial arrangements.
