The Alabama Notice to Credit Card Mayors — Agreement to Pay Debt of Another is a legal document that is used when a credit card holder agrees to pay off the debt of another person. This document is typically used when a parent, friend, or other third party is willing to take responsibility for a credit card debt. It is important to note that this agreement does not transfer the debt, but rather assigns the responsibility of the debt to the third party. The document contains a section for the third party to sign and affirm that they understand their responsibility for the debt and agree to pay it off. It also includes a section for the credit card issuer to sign. The document is available in two different versions. The first version is used to assign responsibility for the full amount of the debt. The second version is used to assign responsibility for only a portion of the debt. The Alabama Notice to Credit Card Mayors — Agreement to Pay Debt of Another is an important document that protects both parties and helps to ensure that the debt is paid off in a timely manner.
Alabama Notice to Credit Card Payors - Agreement to Pay Debt of Another
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This official form is a notice to credit card payors on agreement to pay debt of another.
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