Payment With Due Date In Pennsylvania
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 Pennsylvania to formally transfer a debt obligation from one party (the Assignor) to another (the Assignee). This form serves as a non-recourse assignment, meaning that while the Assignor transfers the right to collect the debt, they are not responsible for its collection. Key features include spaces to describe the specific debt being assigned, the due date, and a declaration of the validity of the debt by the Assignor. Users should complete the form by providing accurate details about the debt, including its amount and due date, ensuring all parties sign the document. It's suitable for use by attorneys, partners, owners, associates, paralegals, and legal assistants involved in debt management, collections, or financial transactions. The form simplifies the process of transferring debt and helps clarify responsibilities between the parties, making it a valuable tool for legal professionals and their clients.
