Chattel Mortgage Form With Decimals In Santa Clara

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

Description

The Chattel Mortgage Form with decimals in Santa Clara is a legal document used to secure a loan by offering a mobile home as collateral. This form enables the Mortgagor to retain possession and use of the collateral while establishing obligations to the Mortgagee, including repayment terms and conditions. Key features include detailed sections for the identification of both parties, description of the collateral, payment amounts, payment schedule, and mandatory terms for maintaining insurance and compliance with local laws. The form also creates a clear process for enforcement, should there be a failure to comply with payment or other terms. It is particularly beneficial for legal professionals, such as attorneys, paralegals, and associates, who assist clients in securing loans against movable property. Owners and partners can utilize this form to ensure financial transactions are documented and legally binding, while paralegals and legal assistants can streamline the preparation and filing process according to established legal frameworks. Additionally, the form provides protections against future indebtedness, making it a versatile tool in financing arrangements.
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FAQ

LTO MEMORANDUM CIRCULAR NO. 17 of the said manual of operations provides that “In all dealings or transactions on motor vehicles, a chattel mortgage or release thereof shall first be registered with the office of the Register of Deeds before any registration transaction is effected.”

A chattel mortgage shall not be valid against any person except the mortgagor, his executors or administrators, unless the possession of the property is delivered to and retained by the mortgagee or unless the mortgage is recorded in the office of the register of deeds of the province in which the mortgagor resides at ...

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.

The Bottom Line Chattel mortgages are a little-known but potentially good option if you're looking to finance a manufactured home or heavy equipment. These loans are smaller than conventional loans and tend to have higher rates, but they have shorter terms and quicker payoffs.

A: Anywhere between 14 to 90 days after closing. A properly recorded deed can take anywhere from 14 days to 90 days. That may seem like a long time, but your local government office goes over every little detail on the deed to make sure the property is correct and there are no errors.

Any remitter (individual, business entity, trust, estate, or REEP) who withheld on the sale/transfer of California real property must file Form 593 to report the amount withheld. If this is an installment sale payment after escrow closed, the buyer/transferee is the responsible person.

To find out zoning information for your property you may do one of the following: Search by property address or Assessor's Parcel Number (APN) using our interactive map: MAP Santa Clara. Contact the Planning Division at 408-615-2450. or Planning@santaclaraca.

APNs can be determined through the Santa Clara County Assessor's Office Property Assessment Information System. Visit the assessor's website for more information or contact their office at (408) 299-5500. Enter the street address of the property.

Come to our main office to search under your name to find all the documents recorded in which you were a grantor or grantee. Also search under any other names, forms of your name, or business names that the liens could be recorded under.

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Chattel Mortgage Form With Decimals In Santa Clara