§ 187.301 Certification for preferred mortgage status–Eligibility requirements
§ 187.302 Terms States must define
§ 187.303 Applicability
§ 187.304 Titling exclusively in one State
§ 187.305 Law governing vessels covered by certificate of title
§ 187.306 Certificate of title required
§ 187.307 Application for certificate of title
§ 187.308 Creation and cancellation of certificate of title
§ 187.309 Content of certificate of title
§ 187.310 Title brand
§ 187.311 Maintenance of and access to files
§ 187.312 Action required on creation of certificate of title
§ 187.313 Effect of certificate of title
§ 187.314 Effect of possession of certificate of title; judicial process
§ 187.315 Perfection of security interest
§ 187.316 Termination statement
§ 187.317 Transfer of ownership
§ 187.318 Effect of missing or incorrect information
§ 187.319 Transfer of ownership by secured party’s transfer statement
§ 187.320 Transfer by operation of law
§ 187.321 Application for transfer of ownership or termination of security interest without certificate of title
§ 187.322 Replacement certificate of title
§ 187.323 Rights of purchaser other than secured party
§ 187.324 Rights of secured party
§ 187.325 Duties and operation of office

Terms Used In CFR > Title 33 > Chapter I > Subchapter S > Part 187 > Subpart D - State Vessel Titling Systems[Docket No. Uscg-2018-0160, 87 Fr 34192, June 6, 2022]

  • Affidavit: A written statement of facts confirmed by the oath of the party making it, before a notary or officer having authority to administer oaths.
  • Attachment: A procedure by which a person's property is seized to pay judgments levied by the court.
  • Bankruptcy: Refers to statutes and judicial proceedings involving persons or businesses that cannot pay their debts and seek the assistance of the court in getting a fresh start. Under the protection of the bankruptcy court, debtors may discharge their debts, perhaps by paying a portion of each debt. Bankruptcy judges preside over these proceedings.
  • Contract: A legal written agreement that becomes binding when signed.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Docket: A log containing brief entries of court proceedings.
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
  • Fraud: Intentional deception resulting in injury to another.
  • Garnishment: Generally, garnishment is a court proceeding in which a creditor asks a court to order a third party who owes money to the debtor or otherwise holds assets belonging to the debtor to turn over to the creditor any of the debtor
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • Statute: A law passed by a legislature.