Add Factoring Company
To add a factoring company to a carrier's account, the carrier or the factoring company must send a Notice of Assignment (NOA) to either fax number 952-683-3701 or emailed to TL.Resolutions@chrobinson.com. A Notice of Assignment is a simple letter the factoring company creates that formally notifies CH Robinson that the carrier's accounts receivable is assigned to that certain factoring company and future payments should be made payable to the factoring company. The Notice of Assignment should include the factoring company's name, carrier's name, a carrier identifier (MC #, DOT #, CHR T# or Tax ID #), date assignment started and a signature from the carrier.
Remove Factoring Company
To remove a factoring company from a carrier's account, the carrier or the factoring company must send a Notice of Release (NOR) to either fax number 952-683-3701 or emailed to TL.Resolutions@chrobinson.com. A Notice of Release is a simple letter the factoring company creates that formally notifies CH Robinson that the carrier's accounts receivable are no longer assigned to that certain factoring company and future payments should be made payable directly to the carrier. The Notice of Release should include the factoring company's name, a signature from the factoring company, carrier's name, a carrier identifier (MC #, DOT #, CHR T# or Tax ID #), date assignment ended and a signature from the carrier.
Switch Factoring Company
To switch from one factoring company to another a carrier must submit a Notice of Release from their existing factoring company and a Notice of Assignment from their new factoring company to either fax number 952-683-3701 or emailed to TL.Resolutions@chrobinson.com.
