Money Owed For In Kings

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

Description

The Assignment of Money Due form serves as a legal document for transferring rights to collect money owed, specifically within the context of Kings. This form allows an Assignor, who is owed money, to assign their rights to an Assignee, thereby simplifying the collection process. Key features of the form include a clear stipulation of the debt being assigned, the assurance that it is a valid debt, and a declaration that this is a non-recourse assignment, meaning the Assignee cannot pursue the Assignor for any deficiency if the debt is uncollectible. Filling out this form requires the parties to provide details about the debt, including the amount, the due date, and any related documents. Target users such as attorneys, partners, owners, associates, paralegals, and legal assistants will find this form especially useful for facilitating smoother transactions and clarifying the transfer of rights in financial matters. The form is straightforward and promotes legal clarity, making it accessible to users with varying levels of legal expertise. Overall, it is an essential tool for anyone involved in debt collection or financial assignments within Kings.