1. Regulations
  2. title 33
  3. chapter I-i1
  4. part 187
  5. subpart A
  6. § 187.15

View all text of Subpart A [§ 187.1 - § 187.15]

§ 187.15 - When is a mortgage a preferred mortgage?

A mortgage, instrument, or agreement granting a security interest perfected under State law covering the whole of a vessel titled under the law of a participating State is a preferred mortgage if the State is certified under § 187.13.

AUTHORITY: 46 U.S.C. 2103, 12501, 31322; DHS Delegation No. 00170.1, Revision No. 01.2, paragraph (II)(92).

SOURCE: USCG-1999-6420, 66 FR 15630, Mar. 20, 2001, unless otherwise noted.

CITE AS: 33 CFR 187.15