Section 31327 provides for forfeiture of the mortgagee’s interest if the mortgagee authorized, consented, or conspired to do the act, failure, or omission that is the basis of the violation that caused forfeiture of the vessel. This section makes no substantive change to law.

Section effective Jan. 1, 1989, with certain exceptions and qualifications, see section 107 of Puspan. L. 100–710, set out as a note under section 31301 of this title.