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SATISFACTION OR RELEASE OF MORTGAGE, CLAIM OF LIEN OR PREFERRED MORTAGE Vessel Name and Official Number: Name of Mortgagor (if any): Name of Mortgagee OR Claimant: Amount of Mortgage or Claim of Lien:.

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The process of Documenting a vessel with the US Coast Guard may take 4-16 weeks, depending on the workload and backlog of registrations with the National Vessel Documentation Center (NVDC).

Contact the National Vessel Documentation Center at (800) 799-8362 or (304) 271-2400 Eastern Standard Time to make any change other than address, or visit our website at .uscg.mil / INSTRUCTIONS AND FORMS for more information.

EXPIRED CERTIFICATES OF DOCUMENTATION: Complete Form CG-1258 Application for Initial, Exchange or Replacement of Certificate of Documentation, Redocumentation, and submit the form with the fee of $84.00, PLUS additional applicable fees for any trade endorsement(s) other than Recreation or Registry.

The Transfer of Ownership Form CG-1258 is utilized when: Purchasing/transferring a vessel: When the sale is finalized you may complete a U.S. Coast Guard Bill of Sale (CG-1340). If there is an outstanding mortgage, the mortgagee (lender) should complete a Satisfaction of Mortgage.

CIVIL PRACTICE LAW AND RULES, §§8017, 8021; SOCIAL SERVICES LAW, §106-a: A county clerk is entitled to a fee for recording a satisfaction of mortgage where the county department of social services is the mortgagee but the satisfaction of the mortgage is presented for recording by the mortgagor.

What is a satisfaction of mortgage? A satisfaction of mortgage is a document serving as evidence that you've paid off your mortgage in full, releasing the lien associated with the loan from your property and transferring the title to you. This document typically includes: Borrower and lender contact information.

How do you get a Satisfaction of Mortgage? A Satisfaction of Mortgage is issued by the lender after they have received the final mortgage payment from the borrower. It's signed by the mortgagee (in the presence of a witness in some states and counties) and then notarized by a registered notary public.

Once your vessel is USCG documented, all you need to transfer the ownership is to submit a copy of the Certification of Documentation which includes the owners' signature. Also, the copy of the certificate of documentation must be notarized. A bill of sale will be needed (see below).

YOU MAY ALSO CONTACT OUR OFFICE AT: 800-799-8362 OR BY MAIL AT U. S. COAST GUARD, NATIONAL VESSEL DOCUMENTATION CENTER, 792 TJ JACKSON DRIVE, FALLING WATERS, WV 25419. NOTE: FILING THIS APPLICATION DOES NOT ENTITLE A VESSEL TO DOCUMENTATION OR TO ANY CHANGES SOUGHT ON A CERTIFICATE OF DOCUMENTATION.

To facilitate the sale of a US Coast Guard Documented Vessel, you must either complete and notarize the CG-1340 Bill of Sale OR complete and notarize the second page (back side) of the CG-1270 Certificate of Documentation. NOTE: ALL managing owners must be listed on the CG-1340 Bill of Sale.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232