Assignment Of Money Due In Virginia

State:
Multi-State
Control #:
US-00422
Format:
Word; 
Rich Text
Instant download

Description

The Assignment of Money Due in Virginia is a legal document used to transfer rights to collect on a specific debt from one party (the Assignor) to another (the Assignee). This form acknowledges the receipt and sufficiency of value exchanged and outlines the details of the debt being assigned, including the amount and due date. Key features include the non-recourse nature of the assignment, indicating that the Assignee assumes responsibility for collection without recourse to the Assignor. Filling out the form requires the parties to specify the debt described, sign, and date the document. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in debt collection, asset management, and financial transactions. It aids in ensuring a clear transfer of rights and can be referenced in potential disputes over the assigned debt. Effective use of the form enhances clarity in financial agreements and provides a straightforward method for assigning debts within Virginia's legal framework.

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FAQ

Constitution of Virginia Like all other state constitutions, it is supreme over Virginia's laws and acts of government, though it may be superseded by the United States Constitution and U.S. federal law.

Virginia is an employment-at-will state; this means the employer may terminate any employee at any time, for any reason, or for no reason. As a general rule, therefore, the employee has no right to challenge the termination. There are a few very limited exceptions.

In Virginia, the payment of accrued, unused vacation on termination is primarily governed by the policies set by individual employers as no specific state laws mandate the payment of new vacation time upon termination. Employers have full discretion to establish their policies regarding the payout of accrued vacation.

There are no state-mandated vacation leave requirements in Virginia. Employers have full discretion to decide whether to offer vacation leave and the policies regarding these leaves.

Virginia Code § 46.2-706 requires all Virginia registered motor vehicles to be insured by a liability policy issued through an insurance company licensed to do business in Virginia, and it must remain insured while registered, whether or not it is operated.

The obligor shall have the right to redeem a residential ground rent at any time after three years from the date the ground rent agreement is made.

State law requires that a retail merchant disclose all conditions, charges, or fees relating to the return of goods for refund, exchange or credit. A merchant's failure to disclose its return policy can be a violation of the Virginia Consumer Protection Act (VCPA.)

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Assignment Of Money Due In Virginia