| (a) Disclosed in Transition Property Notice. An initial transition
property notice signed by the financing party or assignee of record may disclose
an assignment of a security interest of a financing party or of the interest
of an assignee in the transition property described in the transition property
notice by indicating the name and address of the transferee.
(b) Separate Notice of Assignment. A financing party or assignee
of record may assign all or a part of its rights under a transition property
notice by submitting a form for evidencing an amendment to a transition property
notice or by submitting a copy of the assignment or a document identified
as a notice of assignment that contains:
(1) The name and address of the financing party or assignee
of record;
(2) The file number and the filing date of the transition property
notice;
(3) The name and address of the transferee;
(4) A description of the interest in the transition property
being assigned and a statement whether the interest represents an assignment
of all or part of the rights of the financing party or assignee of record
under the transition property notice; and
(5) The financing order docket number for the financing order
from which the transition property is derived.
(c) Status of Transferee. After the filing of an assignment
under this section, the transferee becomes the financing party or assignee
of record as to the interest assigned.
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