46 C.F.R. § 67.239   Requirements for assumptions of mortgages.


Title 46 - Shipping


Title 46: Shipping
PART 67—DOCUMENTATION OF VESSELS
Subpart Q—Filing and Recording of Instruments—Mortgages, Preferred Mortgages, and Related Instruments

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§ 67.239   Requirements for assumptions of mortgages.

An assumption of mortgage presented for filing and recording must:

(a) Be signed by or on behalf of each original mortgagor, each mortgagee, and each assuming party; and

(b) Recite the following:

(1) The name and address of each original mortgagor and the interest in the vessel mortgaged; and

(2) The name and address of each assuming party and the interest in the mortgage assumed.

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