Money Owed For In Texas
Category:
State:
Multi-State
Control #:
US-00422
Format:
Word;
Rich Text
Instant download
Description
The Assignment of Money Due form is a legal document utilized in Texas to transfer rights to collect a specified debt from one party (Assignor) to another (Assignee). This form facilitates the assignment of various types of debts, ensuring that the Assignee has the legal authority to collect the owed amount directly. Key features include a clear description of the debt, the assignment’s non-recourse nature, and warranties by the Assignor regarding the validity of the debt. Filling this form involves providing detailed information about the debt, including the amount and due date, along with signatures from both the Assignor and Assignee. This document is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants who handle debt recovery or financial transactions. It simplifies the legal process of debt assignment, ensuring clear rights and obligations among parties. Users should follow specific instructions regarding the completion of the debt description and execution to maintain legal compliance and enforceability.
