The Money Assignment for Class 3 in Hillsborough is a legal document used to transfer the rights to a debt or money owed from one party (the Assignor) to another party (the Assignee). This form includes spaces to describe the debt, such as the amount due and the date it is owed, which helps clarify the nature of the assignment. The assignment is specified as non-recourse, meaning the Assignee is responsible for collection, while the Assignor guarantees the validity of the debt. To complete the form, the Assignor and Assignee must fill in their names and details of the debt, and then sign and date the document. This form is particularly helpful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in debt collection or asset management. It provides a straightforward method of formalizing financial transactions and ensures that all parties understand their rights and responsibilities regarding the debt assigned.