Money Assignment For Class 3 In North Carolina
Category:
State:
Multi-State
Control #:
US-00422
Format:
Word;
Rich Text
Instant download
Description
The Assignment of Money Due is a legal form used in North Carolina for the transfer of debts from one party (the Assignor) to another (the Assignee). This document specifies the details of the debt being assigned, including the amount due and any associated account information. The form emphasizes that this is a non-recourse assignment, meaning the Assignee is responsible for collecting the debt, while the Assignor guarantees that the debt is legitimate. Attorneys, partners, owners, associates, paralegals, and legal assistants can utilize this form to effectively manage and transfer debts, ensuring proper legal documentation and adherence to state regulations. Filling out the form requires clear information about the debt, including numerical values and descriptive details. Users should ensure accurate completion and keep a copy for their records. This form is particularly useful in business transactions, loan agreements, or financial settlements where debts are involved.
