Chattel Mortgage Form For Vehicle In Arizona

State:
Multi-State
Control #:
US-0007BG
Format:
Word; 
Rich Text
Instant download

Description

A chattel mortgage is a term used to describe a loan arrangement in which an item of movable personal property is used as security for the loan.
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FAQ

A signed bill of sale or mobile home title, a complete and signed title application, and any other documents that support your transfer.

Transferring a Title and Registration A completed, signed Title and Registration Application. A signed vehicle title. A lien release, if applicable. All applicable title and registration fees. Any other documents that apply (e.g, original or certified copy of power of attorney, personal representative papers, etc.)

When selling a vehicle, the signature of either party will be accepted. Both signatures are not required. When applying for a certificate of title, the signatures of both parties will be required and both parties must sign the Legal Status boxes on the Title and Registration Application.

This process typically requires the completion of a title transfer form, payment of any applicable fees and the submission of necessary documentation to your local Department of Motor Vehicles (DMV) or relevant authority.

The Form 38-1306 is used by Arizona residents to officially transfer ownership of a vehicle. It includes details such as sale date, payment amount, odometer reading, buyer and seller information. It also clarifies the legal status when ownership is shared by multiple parties.

If your vehicle has been abandoned, please call the Abandoned Vehicles Unit at 602-712-7784. Will be redirected to the MVD Contact Center.

A Restricted Use 3-Day Permit allows a person to legally operate an unregistered vehicle on Arizona roadways from the vehicle's present location to the following destinations: Emissions testing. Vehicle inspection. Application for title or registration.

Out-of-State Vehicle Title and Registration To title and register your out-of-state vehicle, you must have these items: A completed, signed Title and Registration Application. An emissions compliance form (Phoenix and Tucson areas only) An out-of-state title (or registration, if title is held by lienholder)

"Abandoned vehicle" means a vehicle, trailer or semitrailer that is of a type subject to registration under this title whether lost, stolen, abandoned or otherwise unclaimed and that has been abandoned on a public highway, public property or elsewhere in this state, including private property.

The Bottom Line Chattel mortgages are a little-known but potentially good option if you're looking to finance a manufactured home or heavy equipment. These loans are smaller than conventional loans and tend to have higher rates, but they have shorter terms and quicker payoffs.

More info

The department may only issue a vehicle certificate of title without registration for a vehicle that is physically present or purchased in this state. Do you want to learn more about Chattel manufactured home loans in Arizona?Cascade Loans is here to help our Arizona customers today! To affix the mobile home, fill out the top section of an Affidavit of Affixture form, and surrender your titles to an MVD agent, who will process the form. Additionally, for each branch holding these license types, companies are encouraged to complete and submit a Branch Form (MU3). Click here for more information. If the vehicle is being financed, a copy of the loan document (Security Agreement or Chattel Mortgage). A completed Application for Colorado title DR2395. What is a Chattel Loan? If you're familiar with a traditional mortgage, you might know that a mortgage secures the loan to real property.

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Chattel Mortgage Form For Vehicle In Arizona