Assignment Note Lien Form

Do you need an Assignment Note Lien Form? This agreement serves to assign a lender’s interest in promissory note, secured by collateral, to a third party. This document is used when the third party purchases the note rights from the lender, or otherwise pays off the lender in exchange for the right to collect all future payments from the underlying borrower. It is also sometimes used as collateral in situations where a lender is borrowing money from another lender, and puts up a note payable to themselves as collateral for their repayment to the new lender.