Chattel paper - sustany/dvg GitHub Wiki

Chattel paper refers to a document used in secured transactions to sell property on credit while retaining some interest in the property. Chattel paper must show:�

1. A monetary obligation�from�Party A to Party B, and
2. A�security interest�or other interest retained in the property by Party B.

While traditional chattel papers were physical, UCC �9-105 authorizes the use of electronic chattel paper.�