Substitute Payee definition
Substitute Payee means an Authorized Representative who is responsible for receiving and disbursing State/County Special Assistance Program payments to meet the recipient's needs.
Substitute Payee means a personal representative, trustee or guardian who is
Examples of Substitute Payee in a sentence
Subject to all of the terms and conditions set forth herein, Payee hereby assigns to the Substitute Payee, and the Substitute Payee hereby assumes unconditionally, Payee’s rights, liabilities and obligations under the Note.
Effective upon the execution and delivery of a note in the form attached hereto by the Payor to Substitute Payee (the “Effective Time”), Payee hereby releases Payor from all liabilities and obligations under the Note, and Payee shall mark the Note as of the Effective Time cancelled and deliver such cancelled note to the Payor.