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e-CFR data is current as of September 17, 2020

Title 46Chapter ISubchapter GPart 67Subpart Q → §67.239


Title 46: Shipping
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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