Chattel Form Paper With Code In Collin
Category:
State:
Multi-State
County:
Collin
Control #:
US-0007BG
Format:
Word;
Rich Text
Instant download
Description
The Chattel form paper with code in Collin serves as a legal document enabling the mortgaging of a mobile home as collateral for a loan secured by a promissory note. This form outlines essential details such as the names and addresses of the mortgagor and mortgagee, the description of the mobile home, and terms for repayment, including the amount due, interest rates, and payment schedule. Key features include various covenants from the mortgagor, including ownership rights, freedom from other encumbrances, insurance obligations, and conditions prohibiting the sale or removal of the collateral without consent. For attorneys, this form offers a standardized method to secure loans against movable property, while partners and owners can utilize it for financing mobile home purchases. Paralegals and legal assistants can aid in the preparation and filing of this document, ensuring compliance with local laws and smooth transactions. The form's utility extends to various scenarios, including client financing needs and business partnerships involving mobile homes.
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FAQ
Chattel is any tangible personal property that is movable. Examples of chattel are furniture, livestock, bedding, picture frames, and jewelry.
A security interest in deposit accounts, electronic chattel paper, or letter-of-credit rights is perfected by control under Section 9-104, 9-105, or 9-107 when the secured party obtains control and remains perfected by control only while the secured party retains control.
