In a blockbuster Atlantic cover story, Coates made a case for reparations that focused not on slavery, but on the discriminatory federal programs that denied black Americans access to mortgages and.
chattel / tæt l / n (often plural)chattel personal an item of movable personal property, such as furniture, domestic animals, etc; chattel real an interest in land.
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A chattel mortgage is a loan in which the borrower uses a movable personal property as security. The term chattel mortgage has slightly different meanings across the world. In one country it may refer to a car loan. In other countries, on the other hand, people use it for any loan without using freehold land as security.
A common example of a chattel mortgage is a car loan. The creditor lends the money to a borrower that wants to purchase or ‘finance’ a new or used car but does not have the funds on hand to do so.
chattel: An item of Personal Property that is movable; it may be animate or inanimate. Chattels are synonymous with goods or personalty.
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chattel mortgage A mortgage loan using personal property such as automobiles, paintings, inventories, or real estate leases, but not real estate ownership, as security. A security interest in tangible personal property.
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Chattel definition, a movable article of personal property. See more.
Chattel mortgages are a common type of secured transaction monitored and regulated by federal and state governments. It is a type of loan which takes place when a person wants to borrow money to.
What is a Chattel Mortgage? A chattel mortgage is a form of financing that can be used to purchase or refinance a manufactured home that’s not permanently attached to land. For example, chattel mortgages can be used to finance the purchase of manufactured homes that are placed in land-lease.
687.03 “Unlawful rates of interest” defined; proviso.. 687.09 Persons accepting chattel mortgage as security for loans under $100 to cause amount as principal,