King Washington Prenda de bienes muebles como garantía prendaria - Pledge of Personal Property as Collateral Security

Name: King Washington Prenda de bienes muebles como garantía prendaria
Brand: US Legal Forms
Rating: 4.79 (266 reviews)

Category:

Garantías Mobiliarias - Garantías - Bienes Muebles

State:

Multi-State

County:

King

Control #:

US-03128BG

Format:

Instant download

Description

A pledge is a deposit of personal property as security for a personal loan of money. If the loan is not repaid when due, the personal property pledged is forfeited to the lender. The property is known as collateral. A pledge occurs when someone gives property to a pawnbroker in exchange for money. As the pledge is for the benefit of both parties, the pledgee is bound to exercise only ordinary care over the pledge. The pledgee has the right of selling the pledge if the pledgor make default in payment at the stipulated time. In the case of a wrongful sale by a pledgee, the pledgor cannot recover the value of the pledge without a tender of the amount due. Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.

How to fill out King Washington Prenda De Bienes Muebles Como Garantía Prendaria?

Dealing with legal forms is a must in today's world. Nevertheless, you don't always need to seek professional help to draft some of them from scratch, including King Pledge of Personal Property as Collateral Security, with a platform like US Legal Forms.

US Legal Forms has over 85,000 templates to pick from in different categories ranging from living wills to real estate paperwork to divorce papers. All forms are arranged based on their valid state, making the searching process less frustrating. You can also find information materials and guides on the website to make any activities related to paperwork completion straightforward.

Here's how you can purchase and download King Pledge of Personal Property as Collateral Security.

Go over the document's preview and outline (if available) to get a basic idea of what you’ll get after getting the form.
Ensure that the document of your choosing is adapted to your state/county/area since state laws can impact the validity of some records.
Examine the related forms or start the search over to locate the correct document.
Hit Buy now and create your account. If you already have an existing one, choose to log in.
Pick the pricing {plan, then a needed payment method, and buy King Pledge of Personal Property as Collateral Security.
Select to save the form template in any available format.
Go to the My Forms tab to re-download the document.

If you're already subscribed to US Legal Forms, you can locate the appropriate King Pledge of Personal Property as Collateral Security, log in to your account, and download it. Of course, our platform can’t replace a legal professional entirely. If you have to cope with an extremely complicated situation, we recommend using the services of an attorney to examine your document before executing and filing it.

With more than 25 years on the market, US Legal Forms proved to be a go-to provider for various legal forms for millions of customers. Become one of them today and get your state-specific paperwork with ease!

Form Rating

4.79

Satisfied(266)

Form popularity

Interesting Questions

More info

Practice in the area of personal property security. Other personal assets, such as a savings or investment account, can be used to secure a collateralized personal loan.How Collateral Works. Pledge - Collateral security with which movable property can be encumbered. (iv) is retained in the institution's files related to the transaction in connection with which such statement is made. 81 legal authority, short of a court deci8i.on. Keep up to date with the latest news about all areas of science with Express.co.uk. So he may attach the personal property pledged as collateral .

If the debtor fails to make timely payments, the institution may seek to get the pledged collateral. If necessary, the institution may seek a garnishment, garnishment or liquidation in order to collect the collateral. The debtor can also sell, lease or assign the pledged property in order to satisfy the payment obligations. The institution is entitled, in such a case, to retain a percentage of any profits realized from any sale, lease or assignment of pledged personal property. 72 See generally The Bankruptcy Code (§ 104) and its supplements, (§ 111). If a court declares bankruptcy, the trustee for the estate has broad discretionary authority over the institution. See generally A Guide to Bankruptcy for the Sous Donor. 74 Bankruptcy Code § 104 (3). 78 CFPB (June 2007) and FDIC (June 2009). 79 See U.S. v. Granada, 656 F. Supp. 1d 1243, 1252 (N.D. Cal. 1999) (“The bankruptcy trustee is a 'depositor' of personal property of an indigent plaintiff.

Disclaimer
The materials in this section are taken from public sources. We disclaim all representations or any warranties, express or implied, as to the accuracy, authenticity, reliability, accessibility, adequacy, or completeness of any data in this paragraph. Nevertheless, we make every effort to cite public sources deemed reliable and trustworthy.

King Washington Prenda de bienes muebles como garantía prendaria - Pledge of Personal Property as Collateral Security

Description

Related forms

How to fill out King Washington Prenda De Bienes Muebles Como Garantía Prendaria?

Show more info

Form Rating

Form popularity

Interesting Questions

What is the King Pledge of Personal Property as Collateral Security652614?

How does the King Pledge of Personal Property work?

What are some examples of personal property that can be used as collateral?

What are the benefits of using the King Pledge of Personal Property as Collateral?

Are there any risks involved with pledging personal property as collateral?

Can I use the proceeds from selling the pledged property to repay the loan?

More info

Trusted and secure by over 3 million people of the world’s leading companies