46 C.F.R. § 67.243 Requirements for instruments subordinating 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

An instrument subordinating a mortgage presented for filing and recording must:

(a) Be signed by or on behalf of each mortgagee whose mortgage is being subordinated; and

(b) Recite the following:

(1) The name and address of each mortgagee whose mortgage is being subordinated; and

(2) The name and address of each party holding an interest in the instrument subordinating the mortgage.

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