New York Affidavit of Facts and Sale of Account by Original Creditor is a legal document that provides evidence of the sale of a debt from an original creditor to a new creditor. This document is used to transfer ownership of a debt from the original creditor to the new creditor, who then holds the legal right to collect the debt from the debtor. The New York Affidavit of Facts and Sale of Account by Original Creditor is a sworn statement that outlines the details of the sale of the debt. It includes the name of the original creditor, the name of the new creditor, the amount of the debt, and any other pertinent information. There are two types of New York Affidavit of Facts and Sale of Account by Original Creditor: the Simple Affidavit and the Formal Affidavit. The Simple Affidavit is the most commonly used form and is usually used when the debt is being sold for a nominal amount. The Formal Affidavit is used when the debt is being sold for a larger amount and is generally more detailed in its description of the transaction.