Our Lender page contains vessel documentation and boat registration
information, articles, links, and resources for marine lenders. Learn
how to secure and perfect collateral interests in yachts, runabouts,
small watercraft, boat trailers, and outboard motors. You will also find
tips and guidelines for purchase transactions and marine escrows.
Please
contact us for
additional information on how you can benefit from this exclusive
gathering of vessel documentation and boat registration resources. You
may also wish to bookmark
this page to stay current on frequent updates and revisions.
● Free
Advisory Service - A free online service for readers seeking
information about Coast Guard vessel documentation or state level boat
registration.
● Lender Services
- Check out our complete array of low cost self-service packages for
Coast Guard vessel documentation, preferred mortgages, and state level
boat titling or registration.
● Vessel Forms - A
complete gathering of Coast Guard vessel documentation, state
level boat registration, boat trailer, outboard motor, and vessel
transaction forms.
● Abstract of Title Kit -
Everything you need to order, interpret, and summarize a U.S. Coast Guard
abstract of title. Includes a decoding list, summary worksheet, and a free
subscription to our Vessel Abstracting Handbook.
● Lender FAQs -
Visit our database of answers to frequently asked questions we receive
from marine lenders about vessel documentation, boat titling, vessel
transactions, and securing boat loans.
● Coast Guard Documentation
- Visit our federal page for information, guidelines, and
resources pertaining to U.S. Coast Guard vessel documentation and
preferred vessel mortgages.
●
Boat Registration Summary - A state-by-state overview of boat,
trailer, and registration requirements. Includes information about boat
loan perfection methods, taxes, inspections, notaries, boat dealers, and
yacht brokers.
●
Financial Institutions Database - Collection of searchable
databases showing all U.S. banks and credit unions with background and merger information.
● Floating Homes
- Comparison of house boats, floating homes, and house barges with
respect to registration, titling and vessel documentation.
● Marine Database
- Visit our Database page for a complete array of searchable databases.
Here you will find a number of resources for marine lenders for
everything from vessel record searches to state registration summaries.
● MSO vs.
Builders Certificate - Comparison of the first ownership
documents issued by a manufacturer and their respective usages.
● Optimal Security - Article
about setting parameters and making choices on the type of security
arrangements that will be required for perfecting boat loans
● Proper Notarizations
- The importance of proper notarizations on vessel documentation, boat
registration, and vessel transaction instruments.
●
State Titling vs. Vessel Documentation - Things your
borrower must consider when
deciding on whether to document a vessel with the U.S. Coast
guard or title it on the state level.
●
Surveyors Database
- Visit our Directory page for a nationwide and worldwide listing of
accredited marine surveyors.
● Surveyors Report
- Elements of a marine survey to look for with regard to the
surveyor's findings as they are related to vessel identification
numbers.
● UCC-1 Filings
- The current status of Uniform Commercial Code filings with
respect to securing a vessel collateral interest.
● Vehicle vs.
Vessel Titling - An interesting article that explores the
differences between vehicle and vessel titling. It also highlights the
importance of choosing the best titling or registration method.
● Vessel Descriptions
- Understanding the importance of proper vessel descriptions when
dealing with title applications and transfer documents.
● Vessel
Research Guide - Guidelines for researching Coast Guard
vessel documentation records, state level boat records, and ownership
records.
● Foreign Vessels - Our foreign
page provides lenders with titling related information on vessels that
are entering the United States from a foreign country.
Coast Guard documentation with a preferred mortgage is
typically viewed as the optimal security for vessels exceeding twenty five
feet in length. However, this may not
always be the best answer with regard to realities of
the marketplace. Although a
preferred mortgage is generally recognized as the best method for
perfecting contractual liens, it is usually more expensive and cumbersome
to deal with than state titling. Accordingly, lenders are often confronted
with varying degrees of resistance from borrowers who are usually the ones
to bear such burden. This is especially true on smaller vessels where
documentation may not otherwise be advantageous.
The issue of
optimal security can not, therefore; always be viewed in
precise terms. It may instead come down to a matter
of calculated choices based on certain loan
conditions. While some lenders have established parameters within which
a preferred mortgage will be required, others may call for it on every
qualified vessel. In order to best resolve this equation, a lender
should take a careful look at all of the various implications. In doing
so, the services of a qualified
marine
attorney may well be worthwhile.
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It is our mission to provide the absolute best in professional maritime
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to improve our awareness of your vessel documentation, vessel titling,
and vessel transaction needs.
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