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The debtor must be notified when a debt is assigned to a third party so that they know who to make payments to and where to send them. Law is the right program of study for a student.The employer will notify the employee of their right to make this election prior to the apportioning taking place. Assignor will promptly notify Assignee of the receipt of any Proceeds and will pay Assignee such Proceeds within five business days of receipt thereof. All are provided for in the attached Assignment Agreement. A form that students fill out to apply for federal financial aid. The borrower also signs a mortgage which is a type of deed that conveys to the lender an interest in the borrower's real estate. NOTICE. This document provides procedural guidance to practitioners in the New Jersey. Superior Court, Law Division, Civil Part.