Uniform Assignment of Claims Act

The Uniform Assignment of Claims Act is a law that governs how a person or business can transfer their rights to collect a debt or claim to someone else. It ensures that the assignment is done legally, clearly communicating to all parties involved, and protects the rights of the debtor by requiring proper notice of the transfer. The act standardizes these procedures across states to promote transparency and reduce disputes over who has the right to collect a debt, making the process fair and predictable for everyone involved.