Money Owed For In Washington

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

Description

The Assignment of Money Due form is a legal document used in Washington to facilitate the transfer of rights to collect a debt from one party (the Assignor) to another (the Assignee). This form is critical in financial transactions where debts need to be assigned, allowing Assignees to collect the owed amounts directly. Key features of this form include a clear statement of the debt being assigned, which should be described in detail, including amounts and due dates. It is important to note that this is a non-recourse assignment, meaning the Assignee is responsible for collection, while the Assignor guarantees the debt's validity. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants who manage financial disputes or debt recovery. When filling out the form, users should provide accurate debt descriptions and ensure all parties sign the document appropriately. Clear instructions on executing the form will ensure its enforceability and clarity in the rights transferred. Understanding this form can enhance efficiency in managing debts and assist in legal communications regarding assigned debts.