Chattel Mortgage Form For Vehicle In Maricopa

State:
Multi-State
County:
Maricopa
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 chattel mortgage shall not be valid against any person except the mortgagor, his executors or administrators, unless the possession of the property is delivered to and retained by the mortgagee or unless the mortgage is recorded in the office of the register of deeds of the province in which the mortgagor resides at ...

LTO MEMORANDUM CIRCULAR NO. 17 of the said manual of operations provides that “In all dealings or transactions on motor vehicles, a chattel mortgage or release thereof shall first be registered with the office of the Register of Deeds before any registration transaction is effected.”

By chattel mortgage, personal property is recorded in the Chattel Mortgage Register as a security for the performance of an obligation. If the movable, instead of being recorded, is delivered to the creditor or a third person, the contract is a pledge and not a chattel mortgage.

Proper Steps for Gifting a Car to a Family Member Step 1 – Communicate with the Recipient. Step 2 – Utilize a Gifted Car Bill of Sale. Step 3 – Transfer the Car Title. Step 4 – Arrange for Insurance. Gift Tax Considerations. Step 1 – Complete Seller and Recipient Information. Step 2 – Include Comprehensive Vehicle Information.

Removing the encumbered status of the car on the LTO Certificate of Registration (CR) is done at the LTO. It can't just be any LTO office. It has to be done at the originating LTO branch office (the office where it was originally registered), or the LTO office stated on the Certificate of Registration (CR).

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) A lien clearance, if applicable.

A form of security interest, typically a legal mortgage, taken over tangible movable property (known as chattels).

Chattel is any tangible personal property that is movable. Examples of chattel are furniture, livestock, bedding, picture frames, and jewelry.

More info

Services and Products. Maricopa County Assessor's Office Forms Library.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. To get the process started you'll need to have prepared two documents; the vehicle's California Certificate of Title and a Statement of Facts form (REG 256). Apply for a title within 15 days of purchase and take the application to an MVD Office or Authorized Third Party provider to complete the process. Recordation Requirements The first and second mortgages must be recorded in the following order: First Mortgage, Assignment of First Mortgage;. Arizona offers special benefits for service members, Veterans and their families including, tax and license fee exceptions, education and tuition assistance. You'll need a 640 minimum credit score or up to 680, depending on your debt-to-income (DTI) ratio and loan program. You'll need to complete a homebuyer class. Deposit should be in the form of a check payable to the Town of Gila Bend.

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Chattel Mortgage Form For Vehicle In Maricopa