Banking & Collections

Assignment of Debtor Account: Notice

Vicky Randolph Vicky Randolph
How To Use

This review list is provided to inform you about this document in question and assist you in its preparation. This Assignment notice can be used in a variety of circumstances ranging from outright selling a debt or Accounts Receivable, to a host of other circumstances. We recommend you copy the party to whom the payments are sent to fulfill your obligations to them as well as to inform the debtor that this has been done.

  1. Mail and fax notices to the debtor. Send a copy to the new party and keep a copy in the file of your transaction with them.

Assignment of Debtor Account: Notice

TO: ___________________
_______________________
_______________________

Re: Your account with __________________________

Your account with __________________________ has been transferred to ___________________________. Effective immediately, all payments in regard to this account must be made to ______________________ at the following address:
______________________________
______________________________
______________________________

You will not receive credit for payments made to ___________________________. ALL PAYMENTS MUST BE MADE TO ___________________________.

___________________
Date

For:

___________________________________

cc Party to Whom the Payments are to be Sent