USCG Mortgagee Consent Form WikiTags/Links WikiShare
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Introduction
Jul 26, 2023 - The USCG mortgagee consent form is designed for altering the status of a documented vessel when subject to a preferred vessel mortgage. Any such changes are not otherwise allowed without the mortgagee's written approval. These include the vessel's name, hailing port, change of owner's legal name and any subsequent recordings that would require a reissuance of the certificate of documentation. Visit the WikiTags for more information.
Format
The form can be downloaded directly from the National Vessel Documentation Center website in Adobe PDF format (visit the WikiLinks). It is fielded and tabbable for the user's convenience.
Instructions
Although the form is accompanied by 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, it will be necessary to obtain an abstract of title (visit the WikiTags). The consent form must be signed by both the mortgagor and mortgagee. Notarization of the signatures is not required.
Conclusion
Usage of this form is fairly straight-forward, but may have ramifications for the mortgagee. Any such concerns should be addressed with a maritime attorney or qualified vessel documentation agent.
Credits and References
Jul 6, 2023 - Page revised.
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