Chattel loans cover vehicles, machinery, and other moveable personal property. A chattel loan covers property, such as machinery, vehicles, and manufactured homes that can be moved.The Division of Motor Vehicles will not accept a chattel mortgage for filing where the borrower does not have complete title and is not the legal owner. Property Declaration (form FL-160) is a multipurpose form, which may be filed with the court as an attachment to a. Find contacts and answers to all mortgage related questions, and problems that arise in your real estate transaction. A chattel mortgage is a form of secured loan that's provided for the purchase of personal property like vehicles or equipment. Mobile homes (also known as manufactured homes) in California were treated as vehicles, subject to taxation through in-lieu license fees. 21st Mortgage is one of the top manufactured and mobile home mortgage lenders on the market.