Chattel Mortgage Form Ford

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

Description

The Chattel Mortgage Form Ford is a legal document used to secure a mobile home through a chattel mortgage, which allows the mortgagor to retain possession while providing security to the mortgagee. It includes essential details such as the names and addresses of the mortgagor and mortgagee, the description of the mobile home, and the security amount tied to a promissory note. The form outlines payment terms, including interest rates, monthly installments, and conditions for default. It is crucial for attorneys, partners, owners, associates, paralegals, and legal assistants involved in transactions where movable property is financed. They can utilize this form to ensure legal compliance and secure interests in mobile homes during loans. The document contains specific obligations for the mortgagor, emphasizing ownership rights, insurance requirements, and covenants against transferring collateral without consent. Legal professionals will find it beneficial for drafting, reviewing, and advising clients on financing agreements while protecting their rights to the mobile home collateral.
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How to fill out Chattel Mortgage On Mobile Home?

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FAQ

The Real Estate Commission consists of five members appointed by the Governor for three year terms.

The full license reciprocity states are: Alabama, Kansas, Virginia, Colorado, Mississippi, Alaska, Washington, Missouri, Georgia, Delaware, Kentucky, and Maine. Any state with full reciprocity allows you to bypass the general real estate courses and narrow your focus to the state-specific laws and requirements.

State Reciprocity: AREC has entered into reciprocal agreements with the following states: Alabama, Colorado, Florida, Georgia, Kansas, Louisiana, Mississippi, Nebraska, New York, Ohio, Oklahoma, Pennsylvania, South Dakota, Washington and West Virginia. For more information on reciprocity, see our complete guide.

Answer: No. Texas does not have reciprocity with any state. To become licensed, you must satisfy all current Texas licensing requirements.

Ingly, the real estate regulations require brokers to keep contracts, and any supporting documents related to trust accounts, in their records for three years.

Arkansas Interstate Real Estate Guide - An out-of-state licensee can share a commission as long as all licensed activities relating to the sale of the property are performed in State by an Arkansas licensee. - An out-of-state licensee cannot perform any services in Arkansas.

8.5 Fidelity and Honest Dealing This obligation of absolute fidelity to the interest of the client or clients is primary, but does not relieve a licensee from the equally binding obligation of dealing honestly with all parties to the transaction.

Real Estate License Reciprocity: Arkansas has reciprocity agreements with these states: Alabama, Colorado, Florida, Georgia, Iowa, Kansas, Louisiana, Mississippi, Nebraska, New York, Ohio, Oklahoma, Pennsylvania, South Dakota, Washington, West Virginia.

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Chattel Mortgage Form Ford