Chattel mortgages are security interests that subject the mortgaged movable property to the fulfilment of an obligation, with the asset remaining in the possession of its owner.
Which movable assets are mortgageable?
Mortgagable assets are restricted to:
- Commercial establishments
- Motor vehicles and aircraft
- Industrial machinery
- Industrial and intellectual property
Other assets can be used as collateral, but under a different form: the pledge or pledge.
What obligations can they cover?
Any obligation where the insured liability is quantified monetarily.
Where are they usually used?
In contexts of liquidity seeking, they emerge as an alternative to guarantee financing and refinancing operations.
What is required for formalisation?
By typology, the creditor usually requires an appraisal from an approved company that accredits the value of the mortgaged property.
Which movable assets are mortgageable?
Mortgagable assets are restricted to:
- Commercial establishments
- Motor vehicles and aircraft
- Industrial machinery
- Industrial and intellectual property
Other assets can be used as collateral, but under a different form: pledge or pledge.