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Click ‘Get Form’ to open the east independent receipt assumption form in the editor.
Begin by entering your name in the 'Name of Borrower' field. This identifies you as the individual responsible for the equipment.
Next, provide your title in the designated 'Title' field to clarify your position within the district.
Fill in the date on which you are completing this form. This is important for record-keeping purposes.
In the section below, list each piece of technological equipment being provided, including its NEISD number, serial number, and purchase price. Ensure accuracy to avoid any future discrepancies.
Review the statement regarding accountability and ensure you understand your responsibilities before signing in the 'Signature of Borrower' field.
Finally, have your principal or supervisor sign and date at the bottom of the form once all items have been returned to relieve you of accountability.

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What is an assumption agreement?

The buyer signs an assumption agreement, and the lender approves the transfer.

What is a transfer and assumption?

The Lender may request a Transfer and Assumption of a guaranteed loan when the total indebtedness, or less than the total indebtedness, is assumed by another Borrower.

What is a transfer and assumption agreement?

This type of agreement transfers the obligations of one party under a contract to another party. Imagine you want to sell your business but have outstanding debts that need to be paid. The buyer of your business agrees to assume those debts and pay them, along with owning the business.