Task For Money 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 to facilitate the transfer of a debt from one party (the Assignor) to another (the Assignee). This document allows users to formally assign their rights to collect a specific debt, ensuring that the Assignee obtains all interest and claim related to that debt. Key features include a section to describe the debt being assigned, the acknowledgment of receipt of value, and a warranty from the Assignor that the debt is valid. The form clearly states that this is a non-recourse assignment, meaning the Assignee assumes the responsibility for collection without recourse to the Assignor for failure to collect. Filling and editing instructions suggest that users should accurately describe the debt and ensure all parties sign the document at the designated lines. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in debt collection or financial transactions. It assists in formalizing agreements and makes the transfer of debts clear and legally binding, reducing the potential for disputes.
