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US Legal Forms
Rent
Chattel Mortgage on Mobile Home

Chattel Form Paper With Axis In Oakland

Category:

Loans and Lending - Chattel Mortgages

State:

Multi-State

County:

Oakland

Control #:

US-0007BG

Format:

Word;

Rich Text

Instant download

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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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FAQ

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.