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Chattel Mortgage on Mobile Home

Chattel Mortgage Form For Individuals In Maryland

Category:

Loans and Lending - Chattel Mortgages

State:

Multi-State

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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AN ASSIGNMENT LETTER (including loan information and name of new lender) FROM. Chattel mortgage may be assigned or leased in the same fashion as a real property mortgage.There are several documents that are required when submitting a Maryland Mortgage Program loan application on behalf of a borrower. JCF is a Chattel Mortgage Lender, our mobile home mortgages are considered personal property loans. The Maryland Chattel Mortgage Act differed from that of. A chattel mortgage is a loan used to purchase an item of movable personal property, such as a vehicle, which then serves as security for the loan. Wholesale lending for licensed mortgage brokers is not available in the following states: AK, CA, HI, IA, MA, ME, MD, NJ, RI, SC, UT and VT. No Retail Business. (i) "Mortgage" means any mortgage, including a deed in the nature of mortgage.

Chattel Mortgage Form For Individuals In Maryland

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