26 California Legal Forms--Transaction Guide § 73.290

Summary

• [1] Comment—Use of Form

  This form is an assignment of a promissory note to a revocable inter vivos trust. It can also be used to notify a debtor that a settlor/lender wishes to assign a promissory note to the settlor’s revocable trust. In addition, it may be used to obtain the debtor’s acknowledgment and consent to the trust as substitute holder of the promissory note.

• [2] FORM
  Assignment of Promissory Note With Acknowledgment of Assignment
  NOTICE OF ASSIGNMENT OF PROMISSORY NOTE

  [name(s) and capacity of settlor(s)/lender(s), e.g., VERNAL LANGJON and MARZEL LANGJON, spouses)], without consideration and in order to change formal title only, transfer and assign to [name(s) of trustee(s), e.g., VERNAL LANGJON and MARZEL LANGJON], Trustee[s] of the [name of trust, e.g., LANGJON FAMILY REVOCABLE TRUST], dated , all of their right, ...