What is the rule of chattel mortgage in the Philippines?

A chattel mortgage must adhere to a prescribed form and execution process: It must be signed by the mortgagor in the presence of two witnesses. An affidavit affirming the mortgage's purpose and validity must be included and signed by the parties involved. The affidavit must be certified by an authorized officer.

US Legal Forms
Rent
Chattel Mortgage on Mobile Home

Chattel Mortgage Form With Affidavit Of Good Faith In Mecklenburg

Category:

Loans and Lending - Chattel Mortgages

State:

Multi-State

County:

Mecklenburg

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.

View Terminate agreement form for nsfas

View this form

View Terminate agreement form for payment

View this form

View Terminate agreement form with collateral

View this form

View Terminate agreement form with guarantor

View this form

View Terminate agreement form with option to purchase

View this form

Form Rating

4.6

Satisfied(250)

Form popularity

FAQ

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

A chattel mortgage must adhere to a prescribed form and execution process: It must be signed by the mortgagor in the presence of two witnesses. An affidavit affirming the mortgage's purpose and validity must be included and signed by the parties involved. The affidavit must be certified by an authorized officer.

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.

More info

This document is a chattel mortgage with affidavit of good faith between a mortgagor and mortgagee. A suggested affidavit is Form CCF-29.4495, providing for special registration, classification, . A good faith complaint or request for repairs to the landlord, his employee, or his agent about conditions or defects in the premises that the landlord is. Because the use of such goals would be considered a race- and gender-conscious measure, the. Person directly under his care, and then only in good faith for medicinal purposes only. Adequate good faith efforts also mean that the bidder actively and aggressively sought DBE participation.

Chattel Mortgage Form With Affidavit Of Good Faith In Mecklenburg

Description

Related forms

Show more info

Form Rating

Form popularity

FAQ

What is an example of a chattel?

What is the rule of chattel mortgage in the Philippines?

What is the distinction between a chattel mortgage and a pledge is that in chattel mortgage?

More info

Trusted and secure by over 3 million people of the world’s leading companies