Free Notice of Assignment Template

Notice of Assignment

Prepared By: [Your Name]


I. Introduction

This Notice of Assignment is to formally inform you that the debt previously owed by John Doe to Prestige Capital Finance, Inc. has been assigned and transferred to [Your Company Name]. As the new creditor, [Your Company Name] now holds all rights to the debt, including the right to collect payment.


II. Details of Assignment

Assignor Information:

  • Assignor: Prestige Capital Finance, Inc.

  • Assignor Address: 450 Park Avenue, New York, NY 10022

  • Assignor Contact: 222 555 7777

Assignee Information:

  • Assignee: [Your Company Name]

  • Assignee Address: [Your Company Address]

  • Assignee Contact: [Your Company Number]

  • Assignee Email: [Your Company Email]

Debtor Information:

  • Debtor: John Doe

  • Debtor Address: 789 Main Street, Los Angeles, CA 90210

  • Account Number: 222 555 7777

  • Outstanding Balance: $10,500.00


III. Effective Date of Assignment

This assignment of debt took effect as of January 1, 2050. From this date forward, all payments, correspondence, or queries regarding the debt should be directed to [Your Company Name].


IV. Payment Instructions

All payments should be remitted as follows:

Payment Method

Bank Name

Account Number

Routing Number

Payment Address

Check

First National Bank

987654321

123456789

[Your Company Address]

Wire Transfer

First National Bank

987654321

123456789

[Your Company Address]


V. Contact Information

For any inquiries or clarification regarding this Notice of Assignment, please contact us at:

  • Contact Person: [Your Name]

  • Email: [Your Email]

  • Phone Number: [Your Company Number]

  • Address: [Your Company Address]


VI. Legal Acknowledgment

Pursuant to the terms of the original debt agreement, this Notice serves as an official confirmation of the transfer of debt to [Your Company Name]. Any disputes or concerns regarding the validity of this assignment should be communicated to [Your Company Name] within 30 days of receiving this notice.


VII. Signature and Authorization

By signing this Notice of Assignment, you acknowledge receipt and understanding of the terms outlined above.

Assignor Name

Assignee Name

Prestige Capital Finance, Inc.

[Your Company Name]

Date: January 1, 2050

Date: January 1, 2050


VIII. Acknowledgment of Receipt

We request that you acknowledge the receipt of this Notice of Assignment within 15 days by signing and returning a copy of this notice to [Your Company Name] at [Your Company Address].


End of Notice

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