Can a guarantee company handle chattel mortgage?

Legal analysis: According to the laws of China. A guarantee company may apply for chattel mortgage. First, enterprises handle floating mortgages. The second is to determine the chattel mortgage. The mortgage right is established when the mortgage contract comes into effect, but it may not be opposed to a bona fide third party without registration.

Legal basis: Article 396 of the Civil Law of People's Republic of China (PRC) stipulates that enterprises, individual industrial and commercial households and agricultural producers and operators can mortgage existing and future production equipment, raw materials, semi-finished products and products. If the debtor fails to perform the due debts or realize the mortgage according to the agreement of the parties, the creditor has the right to be paid in priority for the movable property.