Saturday, November 7, 2009

What is an assignment letter in opening a business bank account?

My bank has asked me for (1) articles of organization, (2) operating agreement, and (3) an assignment letter. I don't know what should go into my assignment letter.
What is an assignment letter in opening a business bank account?
To "Banks name"





Please consider this as a letter of assignment for the loan for "your name" at "your address".





This loan is assigned from "your mortgage company" to "your bank" with all rights, interest, and title, without recourse.





"Authorized signature"


"Printed name and title"

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