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Chattel Mortgage Agreement

 Chattel Mortgage Agreement
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Category: Loans and Lending - Contracts - Chattel Mortgages or Liens
Control #:  US-01001DR
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A chattel mortgage is a mortgage that provides for a security interest in assets other than real estate to secure the loan. In the event of a default in payments, the lender has a lien in the assets used as collateral for the loan.

In most states, a security agreement has replaced the use of chattel mortgages.

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