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AGO Opinions with Topic: COVERAGE AS TO CHATTEL MORTGAGES OF FURNITURE AND AUTOMOBILES
AGO 1950 No. 356 >  October 3, 1950
CREDIT UNIONS - CHATTEL MORTGAGE NON-FILING INSURANCE - COVERAGE AS TO CHATTEL MORTGAGES OF FURNITURE AND AUTOMOBILES
CREDIT UNIONS ‑- CHATTEL MORTGAGE NON-FILING INSURANCE ‑- COVERAGE AS TO CHATTEL MORTGAGES OF FURNITURE AND AUTOMOBILES Subject to express exclusions therein set forth, form of policy submitted indemnifies assured members of Washington Credit Unions' League against loss sustained as mortgagees under chattel mortgages of automobiles and furniture, through being prevented from enforcing such instruments "solely as the result of the failure of the assured duly to record or file the instrument with the proper public officer or public office."  Nevertheless, there must be full compliance with the provisions of section 6312-7, Rem. Rev. Stat., relating to chattel mortgage on automobiles.
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