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FOR OFFICE USE ONLYPolicy Number: Received Date:Assignment Form Debtor Creditor (To be used only when the Assignee has extended a loan to the Assignor and the policy is assigned as a Collateral Security
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The assignment-form-debtor-creditor is a document that allows for the transfer of rights or interests in a debt from one party (the creditor) to another (the assignee).
Typically, the creditor who wishes to transfer their rights to another party is required to file the assignment-form-debtor-creditor.
To fill out the form, provide the names and addresses of the debtor, original creditor, and assignee, describe the debt, and include the date of assignment and signatures of all relevant parties.
The purpose of the form is to legally document the transfer of debt rights, ensuring that the assignee can collect the owed amount from the debtor.
The form must include details such as the names and addresses of the original creditor and assignee, the debtor's information, a description of the debt, and signatures of all parties involved.
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