A valid assignment takes effect the moment it is made regardless of whether notice of the assignment is given to the other party to the contract. If the obligor is notified that there has been an assignment and that any money due must be paid to the assignee, the obligor's obligation can only be discharged by making payment to the assignee. In other words, payment to the assignor would not satisfy the contract after notice.
Nebraska Notice of Assignment by Assignee of Right to Payments is a legal document used to formally notify the obliged (the person or entity making the payment) that their obligation to make payments has been assigned to a new party known as the assignee. This notice serves as proof that the assignee now has the right to receive these payments from the obliged. In Nebraska, there are various types of Notice of Assignment by Assignee of Right to Payments based on the specific nature of the assignment. Here are a few types: 1. Nebraska Notice of Assignment by Assignee of Right to Payments — This is a general notice used for informing the obliged that the right to receive payments has been assigned to a new assignee. It includes details about the assignment, such as the names and contact information of both parties, effective date, and a description of the assigned payment rights. 2. Nebraska Notice of Assignment by Assignee of Right to Mortgage Payments — This type of notice is specifically used when the assigned payments are related to a mortgage. It specifies the mortgage account details, property address, and lender information, along with the assignee's details. 3. Nebraska Notice of Assignment by Assignee of Right to Lease Payments — When the assignment involves lease payments, this specific notice is used. It includes information about the leased property, lease agreement details, tenant information, and the assignee's contact information. 4. Nebraska Notice of Assignment by Assignee of Right to Royalty Payments — In cases where the assigned payments are related to royalties, such as oil, gas, or mineral rights, this notice is used. It mentions the type of royalties, production or well information, and the assignee's details, among other relevant information. 5. Nebraska Notice of Assignment by Assignee of Right to Structured Settlement Payments — If the assignment involves structured settlement payments, this type of notice is used. It provides details about the structured settlement agreement, payment schedule, annuity issuer information, and the assignee's contact details. These are just a few examples of the different types of Nebraska Notice of Assignment by Assignee of Right to Payments. It is important to use the appropriate notice that aligns with the specific assignment to ensure legal validity and clarity for all parties involved.
