General legal form reference
A chattel mortgage is commonly used to secure an obligation with personal property, such as a vehicle or other movable asset, subject to the applicable legal and registration requirements.
When This Form Is Commonly Used
- Securing a loan or obligation with movable property
- Describing the collateral and the secured debt clearly in writing
- Supporting financing, installment, or credit-backed transactions
- Providing a reference document for later registration and enforcement steps
Important Points to Review Before Signing
- Check the exact description of the collateral and the amount secured.
- Confirm whether supporting registration or annotation steps are required.
- Review default, foreclosure, and possession-related clauses carefully.
- For financed vehicles and high-value assets, legal review is strongly recommended.
Sample Format Reference
This sample is for general reference only. Adjust wording, facts, and legal requirements based on the actual transaction or document purpose.
CHATTEL MORTGAGE
KNOW ALL MEN BY THESE PRESENTS:
I, (Name of Mortgagor) of legal age, single/married to____________________ with postal address at_____________________________hereinafter known as the MORTGAGOR, and _________________________________ of legal age, single/married to______________________ with postal address at _______________________________ hereinafter known as the MORTGAGEE, witnesseth:
That the MORTGAGOR is indebted unto the MORTGAGEE in the sum of (Amount in Words) (000,000.00), Philippine Currency, receipt of which is acknowledged by the MORTGAGOR upon the signing of this instrument, payable within a period of _____ years, with interest thereon at the rate of (___) % per annum;
That for, and consideration of , this indebtedness, and to assure the performance of said obligation to pay, the MORTGAGOR hereby conveys by way of CHATTEL MORTGAGE unto the MORTGAGEE, his heirs and assigns, the following personality now in the possession of said MORTGAGOR
MAKE : | MOTOR NO. : |
SERIES : | SERIAL/CHASSIS NO. : |
TYPE OF BODY : | PLATE NO. : |
YEAR MODEL : | FILE NO. : |
That the condition of this obligation is that should the MORTGAGOR perform the obligation to pay the hereinabove cited indebtedness of (Amount in Words) (000,000.00) together with accrued interest thereon, this chattel mortgage shall at once become null and void and of no effect whatsoever, otherwise, it shall remain in full force and effect.
IN WITNESS WHEREOF, the parties have hereunto set their hands, this ____day of ____________ 20___ at ____ Philippines.
_______________________________ _______________________________
MORTGAGOR MORTGAGEE
IN THE PRESENCE OF:
_______________________________ _______________________________
ACKNOWLEDGEMENT
Republic of the Philippines)
________________________ ) S.S
BEFORE ME, personally appeared:
Name CTC Number Date/Place Issued
(Name of Mortgagor) 10000000 Jan 01, __ / Quezon City
(Name of Mortgagee) 10000000 Jan 11, __ / Las Pinas City
Known to me and to me known to be the same persons who executed the foregoing instrument and acknowledged to me that the same is their free and voluntary act and deed.
WITNESS MY HAND AND SEAL, on the date and place first above written.
Notary Public
Doc. No.______;
Page No. ______;
Book No.______;
Series of 20__.
Note: Chattel mortgages requires an Affidavit of Good Faith attached to it -sample below:
AFFIDAVIT OF GOOD FAITH
We, the undersigned MORTGAGOR AND MORTGAGEE hereby jointly and severally swear that we executed the foregoing Chattel Mortgage in order to secure the indebtedness therein and for no other purpose or purposes contrary to law.
____________________________ _____________________________
MORTGAGOR MORTGAGEE
Related practice area: Corporate & Commercial Law in the Philippines — Browse more guides, FAQs, and legal forms for this topic.
When This Form Is Used
A chattel mortgage secures a loan using personal property as collateral.
Before filling out this form, read the related guide to understand the legal context and requirements:
Need Help Reviewing or Customizing the Document?
This page provides general legal information only. If you want help checking the wording, transaction details, or supporting requirements, contact the office for document-specific guidance.
Legal Disclaimer
The information on this page is for general legal information only and does not create an attorney-client relationship. Laws, rules, fees, procedures, and office requirements may change. For advice specific to your situation, consult a qualified Philippine lawyer. AttyKalibre Legal Center provides free legal information and general legal guidance. Reading this page does not constitute legal advice or establish a lawyer-client relationship.