Task Force Money Laundering In Broward

• Category: Loans and Lending - Assignments
• State: Multi-State
• County: Broward
• Control #: US-00422
• Format: Word; Rich Text

Description

The document titled Assignment of Money Due is utilized in cases involving the transfer of a debt or money owed from one party, known as the Assignor, to another party, known as the Assignee. This form specifically outlines the details of the debt being assigned, including the amount and any relevant dates. It is important for the Assignor to acknowledge the receipt of value while granting the Assignee the rights to collect the debt. Additionally, the form includes a non-recourse assignment clause, which stipulates that the Assignee is responsible for collection efforts, while the Assignor warrants the validity of the debt and agrees to defend this warranty if necessary. This document can be valuable for both attorneys and paralegals in facilitating debt assignments, as it provides a clear framework for the transaction. Partners and owners may find this form useful when managing financial transactions and liabilities within their business operations. Legal assistants can benefit from understanding the completed form's mechanics, ensuring that all necessary details are filled accurately for legal compliance. Overall, this form serves as a vital tool in supporting legal professionals engaged in financial dealings, particularly in the context of money laundering investigations in Broward, as it allows for systematic management of debt transfers.