Mortgagee Consent WikiTags/Links WikiShare
BoatWiki - Forms
The documentation status of a vessel that is subject to an outstanding mortgage can not be altered unless the mortgage is retired or the mortgagee provides a written consent. In this event, The National Vessel Documentation Center has a special mortgagee consent form that contains the required citations.
The form can be downloaded directly from the documentation centers website in Adobe PDF format. It is fielded and tabbable for the user's convenience. A link for this is provided in the above WikiTags.
Although the form contains an instruction sheet, the layout is for the most part, self-explanatory. It does, however, require recording details for the subject mortgage. If a recorded copy is not available with such data, it will be necessary to obtain an abstract of title for the respective vessel. The consent form must be signed by both the mortgagor and mortgagee. Notarization of the signatures is not required.
A mortgagee's consent is not required for other mortgage related filings, lien notices, or the reinstatement of an expired certificate. It only applies to changes that would require a re-issuance of the certificate of documentation subsequent to a transfer of ownership or modifications to the vessel's status. This includes its name, hailing port, and trade endorsements.
Credits and References
3/7/2022 - Initiated by Team BoatWiki.