Does a promissory note need to be recorded?

A promissory note isn't recorded in the county land records. The lender holds on to the note.

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Chattel Mortgage Form With Promissory Note In Los Angeles

Category:

Loans and Lending - Chattel Mortgages

State:

Multi-State

County:

Los Angeles

Control #:

US-0007BG

Format:

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 promissory note secured by collateral will need a second document. If the collateral is real property, there will be either a mortgage or a deed of trust. If the collateral is personal property, there will be a security agreement.

If you lost your mortgage note copy, request another one from your mortgage lender or servicer. Some lenders require you to make this request in writing. You could also try to retrieve a copy through your local recording office.

A promissory note isn't recorded in the county land records. The lender holds on to the note.

Writing a promissory note is simple when you have the right promissory note template and the right information to hand. But what exactly do you need to write a promissory note? Include their full legal names, addresses, and contact numbers—include any co-signers if applicable.

Document must contain original signatures OR be a certified copy of the original; certified copies must be unaltered (Gov. Code 27201(b)). Names of party(ies) to be indexed must be legibly printed or typed near all signatures and be consistent throughout the entire document (Gov. Code 27280.5).

The short answer is that a living trust is a private document and does not need to be recorded in California. The only time a trust is in a public record is when it contains real estate. In this case, the County Recorder's office lists the trust's name as the property's title holder.

Recorder Offices Registrar-Recorder /County Clerk Headquarters /Mailing Address. 12400 Imperial Hwy /Mail: PO Box 1250, Norwalk, California 90650. Lancaster Recording Office. 44509 16th St West, Suite 101, Lancaster, California 93534. LAX / Courthouse. Van Nuys Recording Office.

Recording by Mail Registrar-Recorder/County Clerk. Document Analysis and Recording Section. P.O. Box 1250. Norwalk, CA 90651-1250.

More info

A promissory note is a legal document commonly used in California to establish a written promise to repay a debt. In California, your promise to repay is ordinarily in the form of a promissory note and the mortgage is ordinarily in the form of a deed of trust.A secured promissory note is a legal document that establishes a loan agreement between the borrower (also known as the "maker" of the note) and the lender. Los Angeles County Deed of Trust Form. Fill in the blank form formatted to comply with all recording and content requirements. A mortgage note outlines the terms of a home loan and includes information on repayments, interest rates, and more. View the full details at CU SoCal. Trust Transfer Deed (in or out of your Living Trust). Incorporate any collateral we used to secure the Loan (this will be spelled out in a security agreement section). Beneficiary may exercise any right or remedy provided for in the Note or any other Loan Document.

Chattel Mortgage Form With Promissory Note In Los Angeles

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FAQ

Which document connects the promissory note to the collateral?

How do I get a copy of my promissory note for my mortgage?

How do I get a copy of my mortgage promissory note?

Does a promissory note need to be recorded?

Can I write my own promissory note?

What are other requirements for recording a document in California?

How to record a living trust in Los Angeles County?

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