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Finance5 sections4 fields to fill

Promissory Note Assignment

Free promissory note assignment template — transfers a lender's right to receive payment under an existing note to a new party.

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This free promissory note assignment covers 1. Assignment, 2. Outstanding Balance, 3. Notice to Borrower, 4. Warranty, 5. No Recourse (or specify otherwise) with 4 clearly marked [placeholder] fields to fill in — built for small businesses and individuals documenting a loan or expense putting financial terms in writing so both sides have a clear, shared record. Copy it into your own word processor, fill in the placeholders, and review it — or adapt it — before use. It's part of docstoc's free document template library, alongside business, legal, real estate, finance, and HR templates. Every template here is free to copy with no signup required, and each one carries a plain disclaimer: this is a starting point for informational purposes, not a substitute for advice from a licensed professional in your jurisdiction.

Template — click to edit

Assignment of Promissory Note

Assignor (current holder): [Name] Assignee (new holder): [Name] Original Note: dated [Date], made by [Borrower Name], in the original principal amount of [Amount] Date of Assignment: [Date]

1. Assignment

For value received, Assignor hereby transfers and assigns to Assignee all right, title, and interest in and to the promissory note described above, including all rights to receive principal and interest payments.

2. Outstanding Balance

As of the date of this assignment, the outstanding balance of the Note is [Amount].

3. Notice to Borrower

Assignor and/or Assignee will notify Borrower of this assignment and direct future payments to Assignee.

4. Warranty

Assignor warrants that the Note is valid, that Assignor is its lawful holder, and that the stated outstanding balance is accurate.

5. No Recourse (or specify otherwise)

[State whether Assignor has any ongoing liability if Borrower defaults after assignment, or whether the assignment is "without recourse."]

Assignor: ______________________ Date: ____________ Assignee: ______________________ Date: ____________

*Notifying the borrower promptly and clearly (Section 3) is essential — a borrower who keeps paying the original holder in good faith, without proper notice of the assignment, is generally protected until they actually receive notice of the change.*

Edit directly in the box above. Download PDF anytime — the docstoc.io footer is always included and cannot be removed.

What's included

Edit online — click the document, fill in placeholders, download a PDF
5 standard sections: 1. Assignment, 2. Outstanding Balance, 3. Notice to Borrower, 4. Warranty, 5. No Recourse (or specify otherwise)
4 clearly marked [placeholder] fields for quick personalizing
Free to use — no account or signup required
Fully editable — adjust any clause to match your actual situation
Includes a signature block, ready to print or sign digitally
Fixed docstoc.io footer on every PDF (not removable)

Who this template is for

Freelancers & solo founders

Handling routine business paperwork without commissioning custom legal drafting for every document.

Small businesses

Standardizing recurring documents — leases, agreements, notices — across a growing operation.

Anyone reviewing before signing

Using a clear starting structure to understand what a document should cover, even if a lawyer finalizes it.

Informal lending & reimbursements

Money changing hands between people or a business and its team, without a bank's paperwork.

FAQ

Is this promissory note assignment template really free?

Yes — this Promissory Note Assignment template on docstoc is free to view, edit online, and download as a PDF with no account or signup required.

What does this promissory note assignment cover?

This finance template includes 1. Assignment, 2. Outstanding Balance, 3. Notice to Borrower, 4. Warranty. Fill in the [bracketed] placeholders, edit any clause online, then download a PDF — the docstoc.io footer stays on every export.

Is this legal advice?

No. This covers the standard structure, not the interest-rate limits, disclosure requirements, or tax implications that can apply depending on your state and the amount involved. Check those specifics with an accountant or financial attorney before you rely on it.

Can I edit the wording?

Yes. All 4 placeholder fields and every clause are editable right on the page — change what doesn't fit, then download an updated PDF anytime.

Where can I find more free templates like this?

Browse more free finance and related document templates in the docstoc library at /document-templates/.

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