Chattel Mortgage Form With 2 Points In Utah

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 mortgage company may be a chartered bank, a credit union, a trust company or other financial institution providing mortgage loans.

Licensure required of person engaged in the business of residential mortgage loans. Except as provided in Subsection (1)(b), a person may not transact the business of residential mortgage loans without first obtaining a license under this chapter.

This rule governs judicial notice of an adjudicative fact only, not a legislative fact. (2) can be accurately and readily determined from sources whose accuracy cannot reasonably be questioned. (2) must take judicial notice if a party requests it and the court is supplied with the necessary information.

Contempt -- Action by court. If the court finds the person is guilty of the contempt, the court may impose a fine not exceeding $1,000, order the person incarcerated in the county jail not exceeding 30 days, or both.

License required. advertise or assume to act as a principal broker, associate broker, or a sales agent. offering for another person to buy, sell, lease, manage, or exchange real estate.

The transfer process entails several key steps: Complete Required Documents: Fill out all necessary forms accurately. Obtain Signatures: Ensure all parties involved sign the documents. Submit to County Recorder: File the documents with the local county recorder's office.

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Chattel Mortgage Form With 2 Points In Utah