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Title 46: Shipping
CHAPTER I: COAST GUARD, DEPARTMENT OF HOMELAND SECURITY (CONTINUED)
SUBCHAPTER G: DOCUMENTATION AND MEASUREMENT OF VESSELS
PART 67: DOCUMENTATION OF VESSELS
Subpart Q: Filing and Recording of Instruments-Mortgages, Preferred Mortgages, and Related Instruments
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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