Thanks for your interest in a U.S. Coast Guard Abstract of Title. Please take a few seconds to complete the application form below to begin the application process. Upon submission, a customer service person will contact you promptly by phone or email to inform you of the status of your purchase.
Please be patient. When selling your boat to a private person or purchasing a boat from a private individual, you will want to ensure that the title is free of liens, claims, and mortgages before closing the deal.
Meanwhile, you want to safeguard your interests by adequately inspecting the vessel and its history before deciding to acquire it. The Abstract of Title is a document used to record the transfer of ownership of boats that are registered.
Financial institutions that have made loans on the vessel have given their approval to this document to ensure that your interest in the boat is not jeopardized. It is a legal document.
We can receive Abstracts of Title for your boat from official government documents in the United States, Canada, and Mexico in a brief period.
How Long Does It Take To Get A Coast Guard Abstract?
Is it for the first time or for the first time? It all relies on the purpose of your documentation application. Form CG-979 may be used to seek a document abstract, which takes roughly three weeks. This request falls under form CG-7043, which takes four months to process.
Forms needed to apply for a Coast Guard abstract of title should be sent to the office of maritime documentation in a stamped envelope. A phone number you may be contacted should be included in this letter.
However, obtaining a Coast Guard Abstract of Title might take longer for older boats that have ceased to be recorded by the U.S. Coast Guard (USCG), depending on how long it takes to acquire any previously issued working papers.
In order to register a vessel in jurisdictions like Florida, which need evidence of title documents, the USCG Abstract of Title form CG-7043 is typically utilized.
How Do I Transfer Ownership of A USCG Documented Vessel?
Owning a documented watercraft might be as easy as signing over the deed. It’s as simple as transferring ownership from one entity to another. First, make sure that you own the vessel and pay all its debts, according to uscgboating.org.
There are various ways to own a boat in the United States. Each kind of watercraft has a unique registration procedure. Vessel registration, U.S. Coast Guard paperwork and state documentation are the three primary forms of vessel ownership.
The most prevalent form of boat ownership is via the U.S. Coast Guard’s documentation procedure. Depending on where you live, the laws and regulations are different. For the sake of clarity, I’ve laid down the fundamentals of how to transfer ownership of a USCG-documented vessel here.
There’s no need to stress if the vessel or its registration is already in your name. The name on the Certificate of Documentation (COD) must be distinct from your name if you have one with you.
A notarized declaration of no existing financial encumbrance on the vessel, signed by all parties interested in it, is also required.
Getting More Information on Liens on an Abstract
Obtaining an abstract for a boat may seem time-consuming since you’re interested in learning about the vessel’s past and any liens it may have, but the process is relatively simple. It is crucial to know whether a lien has been issued on your new boat before you buy it.
In addition, you should check the vessel for any outstanding debts. Vendors or service providers may file liens for unpaid debts or judgments.
These might include mechanics or mechanic’s lien. Previously you bought your boat; you may be astonished at the amount of work that has to be done since it wasn’t done before. If your ship has any liens or claims, you’ll need to file for an abstract to clear it up before you can register your vessel.
There are consequences for failing to do so, such as being forced to pay back tens of thousands of dollars in debt that has nothing to do with you. Apply for paperwork from the U.S. Coast Guard indicating lien information to prevent this.
How to Quickly Get a Title Abstract
The procedure of requesting an abstract of title from the Coast Guard may be arduous and lengthy. Make use of the Maritime Documentation Center.
As a result of this, you can be sure that the abstract title of any vessel you’re interested in purchasing will be quickly recovered. Your information is sent to the Coast Guard for processing after double-checking the spelling and grammar.
As soon as your selection is decided, visit our home page and see what paperwork you’ll need for your new boat.
Fill in the blanks, and let us handle the rest. We’ll deliver the abstract of title to you as soon as feasible. Don’t hesitate to get in touch with us at (800) 535-8570 if you have any questions or concerns concerning Abstract of Title.