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Boat Title - Definitions
Boat Registration - Definitions
State Boating Requirements - Resources
Surety Bond - Definitions

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Bonded Boat Title

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Definition

Aug 15, 2023 - A bonded boat title can be defined as one that is supported or guaranteed by a surety bond. This offers protection for lenders, insurers and subsequent owners resulting from any title defects, undisclosed liens and other encumbrances.

Context

Bonded boat titling is offered in some, but not all, state jurisdictions (see WikiTags). It is typically provided in response to title applicants that are unable to meet the usual titling requirements. In such cases, an applicant must otherwise provide convincing evidence of ownership. The U.S. Coast Guard does not offer such an accommodation for documented vessels.

Conclusion

Those involved in boat purchase transactions with a bonded title should become familiar with the conditions and coverage of the respective surety bond. Any concerns in this regard should be addressed with a qualified attorney.

Credits and References

Aug 15, 2023 - Page revised.

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