To be effective,the assignment of a chattel mortgage by the lender must be absolute,and notice of the assignment must be given to the chattel mortgagee.

Name: To be effective,the assignment of a chattel mortgage by the lender must be absolute,and notice of the assignment must be given to the chattel mortgagee.
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The assignment of a chattel mortgage does not require notice to the chattel mortgagee to be effective; it is typically between the lender and the assignee.

To Be Effective,the Assignment of a Chattel Mortgage by the Lender