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0US1 Assignment of Debt as Security - Interest Permitted 2

Assignment of Debt as Security - Interest Permitted

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This Assignment of Debt as Security is between an assignor who agrees to assign a lender a debt as collateral for another loan. This assignment includes a provision which sets out the interest to be paid.

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This Assignment of Debt as Security with Interest is between an assignor who agrees to assign a lender the debt as collateral for another loan. This assignment sets out the specific terms including the amount of both the debt, amount of new loan and that interest will be paid. It is vital that this type of assignment be clearly set out in writing. A written Assignment of Debt as Security (With Interest) will prove valuable if there are disagreements or misunderstandings between the parties.

This Authorization of Debt as Security (With Interest) contains:
  • Parties: Sets out the names of the assignor, lender and the borrower;
  • Assignment: Sets forth the amount of debt owed by borrower to assignor and that assignor agrees to assign lender the debt as collateral security, with a certain rate of interest;
  • Signature: This authorization must be signed by all parties in front of witnesses.

Protect yourself and your rights by using our attorney-prepared forms.

This attorney-prepared packet contains:
  1. General Instructions
  2. Assignment of Debt as Security (With Interest)
State Law Compliance: This form complies with the laws of all states
This is the content of the form and is provided for your convenience. It is not necessarily what the actual form looks like and does not include the information, instructions and other materials that come with the form you would purchase. An actual sample can also be viewed by clicking on the "Sample Form" near the top left of this page.
Number of Pages4
DimensionsDesigned for Letter Size (8.5" x 11")
EditableYes (.doc, .wpd and .rtf)
UsageUnlimited number of prints
Product number#28605
This is the content of the form and is provided for your convenience. It is not necessarily what the actual form looks like and does not include the information, instructions and other materials that come with the form you would purchase. An actual sample can also be viewed by clicking on the "Sample Form" near the top left of this page.
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