chattel mortgage


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chattel mortgage

A security interest in a chattel as collateral for the payment of a loan.
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chattels secured by a Commercial Business Mortgage (such as goods) should be existing and identified and cannot be changed after the perfection of the mortgage, but the chattels secured by a Chattel Mortgage may include future chattels and are to be identified at the time of enforcement.
TAKING SECURITY IN THE UAE: COMPARING THE TAKING OF SECURITY IN THE UAE TO CHINA
66, ibid.; Chattel mortgage, April 2, 1926, book 3, p.
Jesse W. Carter and California water law: guns, dynamite, and farmers, 1918-1939
The Chattel Mortgage Law defines chattel mortgage as 'a conditional sale of personal property as security for the payment of a debt, or the performance of some other obligation specified therein, the condition being that the sale shall be void upon the seller paying to the purchaser a sum of money or doing some other act named.'
DOF official allays fears on Personal Property Security law
According to the DOF, the landmark law simplified and harmonized the Chattel Mortgage law of 1906 and other fragmented and outdated financing regulations in the country by enabling borrowers to secure financing using nontraditional collateral, such as account receivables, inventory, warehouse receipts, crops, livestock, machinery and equipment.
DOF: Newly signed Personal Property Security Act will boost MSMEs' access to credit
Mon likewise claimed that he settled the chattel mortgage debt of Jay which was constituted over the house he built on Rey's land.
It just never existed
This is apart from exclusive offers and exciting freebies for the on-site applicants, which include free comprehensive insurance for the first year, free chattel mortgage fees and free Petron gas card.
Experience fast and easy car-loan process with BPI
An online chattel mortgage registration system is also in the works, he said.
Land registration process to go cashless
These special deals are on top of the offers partner bank BPI Family Savings Bank has just for Volkswagen customers at MIAS: 1) Free 1st year comprehensive car insurance for loan amounts P500,000 and up with a minimum 36-month term; 2) Free chattel mortgage fee; 3) Free Petron fuel cards and; 4) Lowest interest rates.
5 great ways to get a Volkswagen at the 15th MIAS

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