chattel mortgage

The chattel mortgage was, of course, turned over to the New York assignees with the other property.

Foreclosure of chattel mortgages (mortgage of movable property) are governed by Sec.

At that time, a chattel mortgage upon the Telegram Publishing Co. property was made in favor of the John Dunfee estate for $25,918.

Under a typical chattel mortgage, the purchaser borrows funds for the purchase of movable personal property (the chattel) from the lender.

Repayment of chattel mortgages in most Australian states attract stamp duty.

Companies and other corporate entities may give chattel mortgages too over any tangible, movable property as security for a debt obligation.

However, in the early history of the U.S. some of the first laws on chattel mortgages in the Anglo-American world were passed.

Regulate contract performance, auctions and registration of chattel mortgage; investigate and penalize illegal practices such as contract frauds.

The security interest created is something like the old chattel mortgage or conditional sales contract.

Similarly, a chattel mortgage granted to allow a person to purchase a trailer home could be lost if the trailer is later attached to real property.