Is a mortgage chattel paper?

The se- curity or lease interest is embodied in a writing which evidences the debt. This writing constitutes the "chattel paper," which may consist of a conditional sales contract, a chattel mortgage, a security agreement or a chattel lease,2 with or without an accompanying negotiable instru- ment.

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Chattel Mortgage on Mobile Home

Chattel Form Paper Format In North Carolina

Category:

Loans and Lending - Chattel Mortgages

State:

Multi-State

Control #:

US-0007BG

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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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"A deed seeking to convey an interest in land "is void unless it contains a description of the land sufficient to identify it or refers to something extrinsic by which land may be identified with certainty." Overton v. Boyce, 289 N.C. 291, 293, 221 S.E.2d 347, 348 (1976).

To be validly registered pursuant to G.S. 47‑20, a mortgage, deed of trust or conditional sales contract, or any combination of these, of both personal property and real property must be registered pursuant to the provisions of G.S. 47‑20.1 for the real property covered by the instrument and pursuant to the provisions ...

North Carolina is a “race to record state.” This means that the first person or entity to record the deed is the true and lawful owner of the property. Recording is the act of putting the deed on record in the Register of Deeds in the County in which the real property is located.

Chattel is personal property that is movable between locations, as opposed to real property, which has a fixed location. Common examples include mobile homes, furniture, and automobiles. This article explains what chattel is and how it is used as security in chattel mortgages.

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.

The se- curity or lease interest is embodied in a writing which evidences the debt. This writing constitutes the "chattel paper," which may consist of a conditional sales contract, a chattel mortgage, a security agreement or a chattel lease,2 with or without an accompanying negotiable instru- ment.

Chattel paper refers to a document used in secured transactions to sell property on credit while retaining some interest in the property.

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

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1. Fill out the Application for Probate and Letters (AOC-E-201). 2. All claim forms and documentation are required to be submitted to: Unclaimed Property Division PO Box 20431 Raleigh, NC 27619-0431Chapter 25 - Uniform Commercial Code. The General Statutes include changes through SL 2023-151. Looking for local rules and forms? In the alternative, Article 9 could be amended to cover all true leases. DMV PayIt, picked up in person at any License Plate Agency or the NC DMV Dealer Unit at Raleigh. Workers Compensation Forms. In the second situation, the property is reduced to ashes, and you've been completely deprived of it.

Chattel Form Paper Format In North Carolina

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What makes a deed invalid in NC?

Does a deed have to be recorded to be valid in NC?

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What is considered a chattel?

Which is not considered chattel?

Is a mortgage chattel paper?

What is considered chattel paper?

What is an example of a chattel?

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