Filing a lien on a boat
This is a discussion on Filing a lien on a boat within the Other Business & Finance Law Issues forum, part of the BUSINESS & FINANCE LAW category; When filing a lien on a boat what steps do you take and who would you file the security agreement ...
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When filing a lien on a boat what steps do you take and who would you file the security agreement with?
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Veteran Member
Join Date: Mar 2008
Posts: 356
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Varies by state but basically a UCC filing as below---
Liens on Boats Liens on boats are filed in the same manner as vehicles. If the boat has a full inboard motor, the title lien statement is filed on the boat and a separate one for the trailer. Titles for the boat & trailer are required to record. The filing fee is paid for each title lien statement filed. If the boat is inboard/outboard or has a full outboard motor, a title lien statement is filed on the boat & a separate one for the trailer. To record a lien on a vehicle, mobile home, trailer or motorboat a title lien statement must be filed. To download a copy of a title lien statement, click here. The following information & documents are required: ¨ Name(s) of the debtor and their address ¨ Name of secured party (the person or Bank lending money) & their mailing address ¨ Description of collateral (year, make, vehicle identification number) ¨ Title or goldenrod copy of registration if a pending lien has been filed |
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htauscher (Aug 9th, 2009) |
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