Assignment On Money Market In Pima
Category:
State:
Multi-State
County:
Pima
Control #:
US-00422
Format:
Word;
Rich Text
Instant download
Description
The Assignment of Money Due is a legal document used to transfer the rights to collect a specified debt from one party to another in Pima. It begins with the Assignor, who acknowledges the value of the debt being assigned and names the Assignee as the new holder of the debt. The document requires a detailed description of the debt, including the amount owed and the due date. This is structured as a non-recourse assignment, meaning the Assignee assumes the responsibility of collecting the debt without holding the Assignor liable for non-payment. The form is designed for a range of users, including attorneys, partners, owners, associates, paralegals, and legal assistants, who might need to formalize debt assignments in their practices. Key features include clear sections for filling in details, which ensures ease of use and accurate documentation. It is important for users to complete the form with precise information to maintain legal integrity. This document is particularly useful in contexts where debts need to be sold or transferred, enabling smooth financial transactions and clear legal obligations.
