Chattel Form Paper For Sale In Georgia
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Chattel paper refers to a document used in secured transactions to sell property on credit while retaining some interest in the property.
Chattel property is personal property that can be moved around. Chattel property law is defined as any property that is not land or physical items that belong to the land. Chattel is movable goods and land cannot be moved. A house would not be considered chattel property because it is attached to the land.
Chattel paper refers to a document used in secured transactions to sell property on credit while retaining some interest in the property.
Chattel paper is an asset type over which an entity can grant a security interest under Article 9 of the UCC. For more information on security interests in chattel paper, see Practice Note, UCC Creation, Perfection, and Priority of Security Interests.