§187.15. When is a mortgage a preferred mortgage?
33 C.F.R. § 187.15
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.
Notes, amendments, and revision history
Authority
Authority: 46 U.S.C. 2103, 12501, 31322; DHS Delegation No. 00170.1, Revision No. 01.2, paragraph (II)(92).
Source
Source: USCG-1999-6420, 66 FR 15630, Mar. 20, 2001, unless otherwise noted.