Money Owed For In Palm Beach

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

Description

The Assignment of Money Due form is a legal document used in Palm Beach for transferring the rights to collect a debt from one party, the Assignor, to another, the Assignee. This form is especially useful for attorneys, partners, owners, associates, paralegals, and legal assistants dealing with debt collection or financial transactions. Key features of the form include space for identifying the debt, specifying the amount due, and confirming that the assignment is non-recourse, meaning the Assignee is solely responsible for collection efforts. Users should clearly describe the debt at hand, including relevant dates and amounts. Filling out the form requires both parties to sign and date it, ensuring legal validity. This form can be utilized in various scenarios, such as when a business sells its accounts receivable or when individuals assign their rights to collect debts to another party. By using this form, the parties can formalize their agreement and protect their interests in financial matters.