Chattel Form Paper With Lines In North Carolina
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An interest rate that exceeds the legal rate of interest is classified as usury. There are usually stiff penalties for usury in most states, such as fines or even the forfeiture of principal and/or interest.
§ 24‑1. Legal rate is eight percent. Except as otherwise provided in G.S. 136‑113, the legal rate of interest shall be eight percent (8%) per annum for such time as interest may accrue, and no more.
North Carolina car titles must be notarized. Wait to sign until you are before a Notary. Back of the title top right - sign name(s) on the line where it reads "Seller(s) Signature(s)." Back of the title right below where you signed name(s) - print name(s) on the line where it reads "Seller(s) Hand Printed Name(s)."
General Provisions. § 24‑1. Legal rate is eight percent. Except as otherwise provided in G.S. 136‑113, the legal rate of interest shall be eight percent (8%) per annum for such time as interest may accrue, and no more.
To be validly registered pursuant to G.S. 47‑20, a deed of trust or mortgage of real property must be registered in the county where the land lies, or if the land is located in more than one county, then the deed of trust or mortgage must be registered in each county where any portion of the land lies in order to be ...
The Uniform Commercial Code (UCC) defines chattel paper as “a record or records that evidence both a monetary obligation and a security interest in or a lease of specific goods.” Chattel paper provides lenders with a tangible form of collateral to secure their loans.
Chattel Paper The Receivables constitute “tangible chattel paper” or “electronic chattel paper” within the meaning of the UCC.
If a transaction is evidenced by records that include an instrument or series of instruments, the group of records taken together constitutes chattel paper.