Notice of Assignment

Company Letterhead

{{company_name}}

{{company_address}}

Phone: {{phone}}

Email: {{email}}

Website: {{website}}

NOTICE OF ASSIGNMENT

Date: {{date}}

TO: {{debtor_name}}

{{debtor_address}}

RE: Notice of Assignment of Debt Obligation

Dear {{debtor_name}},

Please be advised that effective {{effective_date}}, the debt obligation originally owed by you ('the Debtor') to {{original_creditor_name}} ('the Original Creditor') under the agreement(s) described below has been formally assigned to {{new_creditor_name}} ('the New Creditor').

Details of Original Debt Obligation

Agreement Type: {{agreement_type}}

Agreement Date: {{agreement_date}}

Original Loan/Account Number: {{original_account_number}}

Original Principal Amount: {{original_principal_amount}}

Outstanding Balance as of {{date_of_balance}}: {{outstanding_balance}}

The Assignment

By virtue of a Deed of Assignment dated {{assignment_date}}, all rights, title, and interest in and to the aforementioned debt obligation, including all principal, interest, and any associated fees, have been irrevocably transferred from {{original_creditor_name}} to {{new_creditor_name}}.

Effect of Assignment

As a result of this assignment, you are hereby notified that all future payments and communications pertaining to the debt obligation previously owed to {{original_creditor_name}} must now be directed to {{new_creditor_name}}.

{{new_creditor_name}} is now the sole entity entitled to receive payments, enforce rights, and fulfil obligations related to this debt, subject to the terms and conditions of the original agreement.

Payment Instructions

All payments should now be made to the following account:

Bank Name: {{new_creditor_bank_name}}

Account Name: {{new_creditor_account_name}}

Account Number: {{new_creditor_account_number}}

Branch Code: {{new_creditor_branch_code}}

Swift/BIC Code: {{new_creditor_swift_bic_code}}

Please update your records accordingly.

Contact Information for New Creditor

For any queries or further information regarding your debt obligation, please contact:

{{new_creditor_contact_person}}

{{new_creditor_phone}}

{{new_creditor_email}}

{{new_creditor_address}}

Acknowledgement

We encourage you to acknowledge receipt of this Notice of Assignment by signing and returning the attached copy of this notice, or by corresponding with {{new_creditor_name}} at your earliest convenience.

Legal Effect

This Notice constitutes formal notification of the assignment. Your obligations under the original agreement remain unchanged, save for the change in the identity of the creditor.

Sincerely,

_____________________________

For and on behalf of {{original_creditor_name}}

Name: {{original_creditor_authorized_signatory_name}}

Title: {{original_creditor_authorized_signatory_title}}

Accepted and Acknowledged by New Creditor:

_____________________________

For and on behalf of {{new_creditor_name}}

Name: {{new_creditor_authorized_signatory_name}}

Title: {{new_creditor_authorized_signatory_title}}