US Legal Forms
Notice of Default under Security Agreement in Purchase of Mobile Home

Wyoming Notice of Default under Security Agreement in Purchase of Mobile Home

Name: Wyoming Notice of Default under Security Agreement in Purchase of Mobile Home
Brand: US Legal Forms
Rating: 4.56 (270 reviews)

Category:

Loans and Lending - Secured Transactions

State:

Multi-State

Control #:

US-02459BG

Format:

Instant download

Description

A secured transaction is created when a buyer or borrower (debtor) grants a seller or lender (creditor or secured party) a security interest in personal property (collateral). A security interest allows a creditor to repossess and sell the collateral if a debtor fails to pay a secured debt. A secured transaction involves a sale on credit or lending money where a creditor is unwilling to accept the promise of a debtor to pay an obligation without some sort of collateral. The creditor (the secured party) requires the debtor to secure the obligation with collateral so that if the debtor does not pay as promised, the creditor can take the collateral, sell it, and apply the proceeds against the unpaid obligation of the debtor. A security interest is an interest in personal property or fixtures that secures payment or performance of an obligation. Personal property is basically anything that is not real property. Wyoming Notice of Default under Security Agreement in Purchase of Mobile Home is a legal document that outlines the default of a borrower or buyer in fulfilling their obligations under the security agreement for a mobile home purchase in the state of Wyoming. This notice serves as a warning that the lender or seller intends to take legal action to protect their rights and interests concerning the mobile home. Keywords: Wyoming, Notice of Default, Security Agreement, Purchase, Mobile Home. Types of Wyoming Notice of Default under Security Agreement in Purchase of Mobile Home: 1. Standard Notice of Default: This is the most common type of notice, which is issued when the borrower fails to make the agreed-upon payments or violates any other terms and conditions stated in the security agreement. 2. Notice of Default due to Unauthorized Alterations: If the borrower makes unauthorized modifications or alterations to the mobile home without prior approval from the lender or seller, a specific notice may be issued regarding the default. 3. Notice of Default for Failure to Maintain Insurance: If the borrower fails to maintain the required insurance coverage on the mobile home as per the terms of the security agreement, a notice of default is issued to highlight the breach. 4. Notice of Default for Failure to Pay Taxes: This type of notice is used when the borrower fails to pay property taxes on the mobile home as required by the security agreement. It alerts the borrower that their default may lead to legal actions. 5. Notice of Default for Violation of Occupancy Terms: In cases where the borrower violates the agreed-upon terms regarding the occupancy of the mobile home, such as subletting without permission or exceeding the agreed-upon occupancy limits, this notice is issued. 6. Notice of Default for Unauthorized Transfer of Ownership: If the borrower transfers ownership of the mobile home to another party without obtaining consent from the lender or seller, this notice of default is issued. It is essential to consult with a legal professional familiar with Wyoming laws to understand the specific requirements and details to include in a Notice of Default under the Security Agreement in the purchase of a mobile home in Wyoming.

Wyoming Notice of Default under Security Agreement in Purchase of Mobile Home is a legal document that outlines the default of a borrower or buyer in fulfilling their obligations under the security agreement for a mobile home purchase in the state of Wyoming. This notice serves as a warning that the lender or seller intends to take legal action to protect their rights and interests concerning the mobile home. Keywords: Wyoming, Notice of Default, Security Agreement, Purchase, Mobile Home. Types of Wyoming Notice of Default under Security Agreement in Purchase of Mobile Home: 1. Standard Notice of Default: This is the most common type of notice, which is issued when the borrower fails to make the agreed-upon payments or violates any other terms and conditions stated in the security agreement. 2. Notice of Default due to Unauthorized Alterations: If the borrower makes unauthorized modifications or alterations to the mobile home without prior approval from the lender or seller, a specific notice may be issued regarding the default. 3. Notice of Default for Failure to Maintain Insurance: If the borrower fails to maintain the required insurance coverage on the mobile home as per the terms of the security agreement, a notice of default is issued to highlight the breach. 4. Notice of Default for Failure to Pay Taxes: This type of notice is used when the borrower fails to pay property taxes on the mobile home as required by the security agreement. It alerts the borrower that their default may lead to legal actions. 5. Notice of Default for Violation of Occupancy Terms: In cases where the borrower violates the agreed-upon terms regarding the occupancy of the mobile home, such as subletting without permission or exceeding the agreed-upon occupancy limits, this notice is issued. 6. Notice of Default for Unauthorized Transfer of Ownership: If the borrower transfers ownership of the mobile home to another party without obtaining consent from the lender or seller, this notice of default is issued. It is essential to consult with a legal professional familiar with Wyoming laws to understand the specific requirements and details to include in a Notice of Default under the Security Agreement in the purchase of a mobile home in Wyoming.

How to fill out Wyoming Notice Of Default Under Security Agreement In Purchase Of Mobile Home?

Discovering the right legal file template could be a struggle. Naturally, there are a lot of themes accessible on the Internet, but how would you obtain the legal develop you require? Use the US Legal Forms website. The service gives thousands of themes, including the Wyoming Notice of Default under Security Agreement in Purchase of Mobile Home, that can be used for enterprise and private requires. All of the types are examined by experts and meet up with state and federal requirements.

In case you are currently registered, log in in your profile and then click the Acquire button to find the Wyoming Notice of Default under Security Agreement in Purchase of Mobile Home. Utilize your profile to search with the legal types you may have purchased in the past. Visit the My Forms tab of your profile and acquire an additional backup in the file you require.

In case you are a fresh consumer of US Legal Forms, here are simple directions so that you can adhere to:

First, ensure you have chosen the proper develop for the area/region. It is possible to look through the form using the Review button and browse the form description to ensure this is the best for you.
When the develop fails to meet up with your expectations, take advantage of the Seach field to find the right develop.
Once you are certain the form is acceptable, click the Purchase now button to find the develop.
Pick the prices plan you want and enter in the necessary info. Design your profile and pay for an order making use of your PayPal profile or credit card.
Opt for the data file formatting and acquire the legal file template in your product.
Total, revise and print and sign the acquired Wyoming Notice of Default under Security Agreement in Purchase of Mobile Home.

US Legal Forms is the greatest local library of legal types that you will find numerous file themes. Use the service to acquire appropriately-produced files that adhere to status requirements.

Form Rating

4.56

Satisfied(270)

Form popularity

FAQ

However, generally speaking, the primary ways for a secured party to perfect a security interest are:by filing a financing statement with the appropriate public office.by possessing the collateral.by "controlling" the collateral; or.it's done automatically upon attachment of the security interest.

A security interest in a manufactured home that is or becomes a fixture (defined in UCC § 9-102 as goods that have become so related to particular real property that an interest in them arises under real property law) is perfected by one of three methods: making a fixture filing, noting the secured party's lien on

A security agreement is a document that provides a lender a security interest in a specified asset or property that is pledged as collateral. Security agreements often contain covenants that outline provisions for the advancement of funds, a repayment schedule, or insurance requirements.

The debtor must authenticate the security agreement by signing a statement that announces the intention to grant a security interest in the property specifically outlined in the security agreement.

A security interest means that if you don't make the mortgage payments as agreed, or if you break your agreement with the lender, the lender can take your home and sell it to pay off the loan. You give the lender this right when you sign your closing forms.

In order for the security agreement to be valid, the borrower must usually have rights in the collateral at the time the agreement is executed. If a borrower pledges as collateral a car owned by a neighbor, and the neighbor does not know of and endorse this pledge, then the security agreement is ineffective.

Security agreement. In other words, the debtor must sign the agreement. (The UCC uses the term "authenticate" to include the possibility of electronic signatures.) A security agreement normally will contain a clear statement that the debtor is granting the secured party a security interest in specified goods.

For a security interest to attach, the following events must have occurred: (A) value must have been given by the Secured Party; (B) the Debtor must have rights in the collateral; and (C) the Secured Party must have been granted a security interest in the collateral.

Certain specific requirements are required for the security agreement to form the foundation for a valid security interest, namely 1) it must be signed, 2) it must clearly state that a security interest is intended, and 3) it must contain a sufficient description of the collateral subject to the security interest.

In order for a security interest to be enforceable against the debtor and third parties, UCC Article 9 sets forth three requirements: Value must be provided in exchange for the collateral; the debtor must have rights in the collateral or the ability to convey rights in the collateral to a secured party; and either the

More info

(v) "Agricultural lien" means an interest, other than a security interest,(II) Rent on real property leased by a debtor in connection with its farming ... The right to convey a security interest in it to the Secured Party.may remain in possession of the collateral until default under this agreement.Under a security agreement, whether or not any obligation to be secured ismust file the financing statement to give proper notice of its claim. The notice required by state law must also be posted in a conspicuous and public location in the park. A rental agreement must meet the following criteria: ? It ...36 pagesMissing: Wyoming ? Must include: Wyoming The notice required by state law must also be posted in a conspicuous and public location in the park. A rental agreement must meet the following criteria: ? It ... Get free access to the complete judgment in WESTERN NAT. BANK OF CASPER v.On April 24, 1973, plaintiff and his wife purchased a used mobile home. These types of personal loans allow for fixed monthly payments and generally have lower interest rates than credit cards. Mortgages. Mortgages ... By AB SCHIMBERG · 1981 · Cited by 13 ? records, but no effort was made to perfect a security interest by filing aperfected because of its failure to file in Utah.43 The secured creditor in. Subpart A - Guaranty of Loans to Veterans to Purchase Manufactured Homes and Lots,on the guaranty or insurance or is in receipt of a notice of default. Plan coverage begins when you purchase the Plan and continues,you may cancel by sending written notice with your Plan Agreement Number to AppleCare ... Wyoming Nursing Home in accordance with the Accreditation GrantAn assessment team appointed by the Aged Care Standards and Accreditation Agency Ltd.

Wyoming Notice of Default under Security Agreement in Purchase of Mobile Home

Description

Related forms

How to fill out Wyoming Notice Of Default Under Security Agreement In Purchase Of Mobile Home?

Show more info

Form Rating

Form popularity

FAQ

How do I protect my security interest?

How do you build a security interest in a mobile home?

What constitutes a security agreement?

How do you authenticate a security agreement?

What is a security interest on a home?

How do I make my security agreement valid?

How does a debtor authenticate a security agreement?

What three requirements must be met to create an enforceable security interest?

Which of the following is a requirement of a security agreement?

How do you make an enforceable security interest?

More info

Trusted and secure by over 3 million people of the world’s leading companies