Chattels securitization is common in Uganda but has been an informal affair between the lender and borrower and few transactions were complying with the now repealed Chattels Transfer Act 1978 and Chattels Securities Act 2014 as many never got to be perfected in the chattel’s registry. Most chattels transactions were being carried out in the informal sector where people do not have land titles to take out mortgages and hence secure loans by pledging properties like chairs television sets and music systems.