Chattel Form Paper Format In Ohio

State:
Multi-State
Control #:
US-0007BG
Format:
Word; 
Rich Text
Instant download

Description

The Chattel Mortgage form for Mobile Homes in Ohio serves as a legal document whereby a borrower (Mortgagor) provides a mobile home as collateral to a lender (Mortgagee) to secure a loan. Key features of the document include the specifics of the mobile home being mortgaged, payment terms including the amount, interest rate, and repayment schedule, as well as covenants from the Mortgagor ensuring ownership and the condition of the collateral. Filling out the form requires attention to detail in listing all personal and property information accurately. It is important for users to ensure all sections, including payment amounts and due dates, are filled correctly to avoid potential disputes. This form is particularly useful for attorneys, partners, and owners involved in real estate transactions, as they can facilitate financing arrangements for mobile homes. Associates, paralegals, and legal assistants may also find this form essential for drafting agreements and managing documentation during the loan process. Overall, the Chattel Mortgage provides a secure method for lenders to protect their financial interests in the property financed.
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  • Preview Chattel Mortgage on Mobile Home
  • Preview Chattel Mortgage on Mobile Home
  • Preview Chattel Mortgage on Mobile Home

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FAQ

A security interest in deposit accounts, electronic chattel paper, or letter-of-credit rights is perfected by control under Section 9-104, 9-105, or 9-107 when the secured party obtains control and remains perfected by control only while the secured party retains control.

Chattel paper is an asset type over which an entity can grant a security interest under Article 9 of the UCC. For more information on security interests in chattel paper, see Practice Note, UCC Creation, Perfection, and Priority of Security Interests.

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Chattel Form Paper Format In Ohio