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Ian from Equal Business Credit explains that a Notice of Assignment (NOA) is a one-time letter from your factoring company to your customer, informing them to remit payments directly to the factor. This letter is sent at the start of the relationship to formalize the change in remit information. Many worry about the impact on customer relationships, but most accounts payable departments are familiar with factoring companies and the process. They simply need to pay at the new address provided.