Chattel Mortgage Form With Two Points In Los Angeles

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

Description

The Chattel Mortgage Form with two points in Los Angeles is a legal document that establishes a security interest in a mobile home as collateral for a loan. This form is particularly useful for securing payment of a promissory note, detailing monthly payment terms, and outlining responsibilities of the mortgagor, including the maintenance and insurance of the collateral. It allows the mortgagor to retain possession of the mobile home while making payments, and provides the mortgagee with rights to reclaim the collateral in case of default. Key features include provisions for both present and future indebtedness, requirements for maintaining insurance, and terms ensuring the collateral is free from other claims. Filling instructions involve detailing names, addresses, financial terms, and signing in front of a notary. This form is relevant for attorneys, partners, owners, associates, paralegals, and legal assistants who deal with financing and real estate, allowing for clear agreements and legal protections in financial transactions.
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FAQ

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 refers to the movable or immovable personal property of an individual except real estate. Generally, the basic elements of a claim of trespass to chattels are lack of an owner's consent to trespass, interference with possessory interest, and intention of the trespasser.

Definitions of chattel. noun. personal as opposed to real property; any tangible movable property (furniture or domestic animals or a car etc) synonyms: movable, personal chattel. personal estate, personal property, personalty, private property.

Chattel is any tangible personal property that is movable. Examples of chattel are furniture, livestock, bedding, picture frames, and jewelry.

Chattel is any tangible personal property that is movable. Examples of chattel are furniture, livestock, bedding, picture frames, and jewelry.

A human being considered to be property; an enslaved person.

California (CA) State Withholding Tax Laws Non-California residents, including U.S. citizens who are residents of other states, are subject to State income tax withholding of 7% of gross if the total payments excel $1,500 during the calendar year.

WITHHOLDING SERVICES AND COMPLIANCE MS F182 FRANCHISE TAX BOARD PO BOX 942867 SACRAMENTO CA 94267-0651 • Do not mail paper copies of Form(s) 593 to the FTB if submitted electronically. The remitter retains a copy of this form for a minimum of five years and must provide it to the FTB upon request.

Any remitter (individual, business entity, trust, estate, or REEP) who withheld on the sale/transfer of California real property must file Form 593 to report the amount withheld. If this is an installment sale payment after escrow closed, the buyer/transferee is the responsible person.

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Chattel Mortgage Form With Two Points In Los Angeles