Chattel Mortgage Form Formal Contract In Nevada

State:
Multi-State
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

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 form of security interest, typically a legal mortgage, taken over tangible movable property (known as chattels).

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

Which form much accompany Nevada Waiver Form when the client is waiving the agents statutory duty to present all offers in a real estate transaction? The Authorization to Negotiate Directly With Seller Form.

In Nevada, a real estate licensee is required to provide a form setting forth the duties owed by the licensee to: a) Each party for whom the licensee is acting as an agent in the real estate transaction, and b) Each unrepresented party to the real estate transaction, if any.

Agency Contact Information Contact Division of Mortgage Lending licensing staff by phone at (775) 684-7060 or send your questions via email to mldlicensing@mld.nv for additional assistance. THE APPLICANT/LICENSEE IS FULLY RESPONSIBLE FOR ALL OF THE REQUIREMENTS OF THE LICENSE FOR WHICH HE OR SHE IS APPLYING.

Restrictions pertaining to advertising real estate in Nevada by licensees include the advertising: 1) Must not be false or misleading. 2) Must provide a true and accurate picture of what is being sold. 3) Must be done under the supervision of the broker.

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Chattel Mortgage Form Formal Contract In Nevada