Chattel Mortgage Form With 2 Points In Hennepin

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

Description

A chattel mortgage is a term used to describe a loan arrangement in which an item of movable personal property is used as security for the loan.
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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.”

Removing the encumbered status of the car on the LTO Certificate of Registration (CR) is done at the LTO. It can't just be any LTO office. It has to be done at the originating LTO branch office (the office where it was originally registered), or the LTO office stated on the Certificate of Registration (CR).

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 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 ...

Call us. Call 612-348-3000, Monday through Friday, 8 a.m. to p.m.

About David Hough David J. Hough is the County Administrator (Chief Executive Officer) of Hennepin County, the largest county in the State of Minnesota, with a population of nearly 1.3 million people.

You may come into the Recorder's Office and look at the official plat, order a copy online by entering the name of the plat instead of the document number, search for the property on LandShark GIS, search/download the plat using LandShark online searching, or contact the Public Works Department at 651-213-8700. 5.

By hand and fax Fill out but don't sign the application. Get your application notarized if required. E-notarization is ok. Requests for certified copies must be notarized. Some requests for non-certified need to be notarized. Fax your application and the fax coversheet (PDF, 1MB) to 612-348-2010.

Recorder - Registrar of Titles For recording options in meeting immediate statutory deadlines, call 612-348-5139 or email recordinginfo@hennepin. Recording of all subdivision or CIC plat mylars must be arranged and scheduled with the County Surveyor's office.

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Chattel Mortgage Form With 2 Points In Hennepin