Chattel Mortgage Form For Car In Texas

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

Description

The Chattel Mortgage Form for Car in Texas is a legal document that allows a borrower (Mortgagor) to secure a loan against a vehicle (Collateral) by giving the lender (Mortgagee) a claim on the vehicle until repayment is completed. Key features of this form include details such as the amount of the loan, interest rate, repayment schedule, and terms regarding the ownership and insurance of the vehicle. Users must fill in personal information, loan specifics, and the location of the vehicle while also adhering to state laws. Specific use cases include financing for individuals purchasing a car and attorneys helping clients understand loan collateralization. This form serves attorneys, partners, and legal assistants by providing a clear structure for securing a mortgage and ensuring compliance with legal requirements. Paralegals may find this form useful in assisting clients with paperwork, while owners can utilize it for personal financing needs. It emphasizes the rights and responsibilities of both parties, ensuring clarity and protection throughout the financing process.
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FAQ

To file a lien claim, you will need: Property owner's name (or company name) and mailing address. Project address and the county where it is located. The amount owed for each month you performed the work that remains unpaid. A brief description of the work you performed.

The completed Application for Texas Title and/or Registration (Form 130-U), properly assigned title, and proof of insurance (if applying for registration) in the applicant's name are required to be filed in the county where the sale occurred, where the lienholder is located, where the applicant resides, or any county ...

The buyer will need to present the following documents: The original title assigned from the seller to the buyer. An Application for Texas Title (130-U) completed by buyer(s), buyer(s) signature must be original. Government issued photo ID for buyer. Proof of Texas liability insurance. Supporting documents for example:

By chattel mortgage, personal property is recorded in the Chattel Mortgage Register as a security for the performance of an obligation. If the movable, instead of being recorded, is delivered to the creditor or a third person, the contract is a pledge and not a chattel mortgage.

Documents Needed The original title assigned from the seller to the buyer. An Application for Texas Title (130-U) completed by buyer(s), buyer(s) signature must be original. Government issued photo ID for buyer. Proof of Texas liability insurance. Supporting documents for example:

If you are claiming a tax exemption, provide a brief explanation for the reason. Seller, Donor, or Trader. ALL seller(s), donor(s) or trader(s) of the vehicle indicated on the title or other transfer of ownership document must sign, print their name, and indicate the date of signature.

A driver's license or state identification certificate issued by a state or territory of the United States. United States or foreign passport. U.S. military identification card. U.S. Department of Homeland Security identification document.

Title is what is the name on the front. In this particular case it's buckton Luxury Auto Sales whichMoreTitle is what is the name on the front. In this particular case it's buckton Luxury Auto Sales which is my company. Name. If you are signing the title.

To transfer a Texas titled vehicle, bring in or mail the following to our offices: Texas title, signed and dated by the seller(s) and buyer(s). VTR-130U (Application for Texas title), signed and dated by the seller(s) and buyer(s). Proof of insurance in the buyer's name. Acceptable form of ID. Proof of inspection. Fees.

In addition to completing Form 130-U, Application for Texas Title and/or Registration (PDF), both the donor and person receiving the motor vehicle must complete a required joint notarized Form 14-317, Affidavit of Motor Vehicle Gift Transfer, describing the transaction and the relationship between the donor and ...

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Chattel Mortgage Form For Car In Texas