foreclosure of chattel mortgage

foreclosure of chattel mortgage
An action to declare judicially the forfeiture for condition broken and to obtain a sale and transfer of title to the subject of the mortgage. 15 Am J2d Chat Mtg § 208. A sale of the property covered by the mortgage, upon a default by the mortgagor, under a power of sale contained in the instrument. 15 Am J2d Chat Mtg § 211.

Ballentine's law dictionary. . 1998.

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