Ohio Code 1319.06 – Husband and wife must join in chattel mortgage on household property
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No husband or wife shall create any lien by chattel mortgage or otherwise upon any personal household property owned by either or both of them, without the joint consent of both husband and wife. No such mortgage is valid unless executed by both husband and wife.
Terms Used In Ohio Code 1319.06
- Lien: A claim against real or personal property in satisfaction of a debt.
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Property: means real and personal property. See Ohio Code 1.59
This section does not apply to any mortgage or lien for the purchase price of such property.