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Code of Federal Regulations (Last Updated: July 5, 2024) |
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Title 46 - Shipping |
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Chapter I - Coast Guard, Department of Homeland Security |
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SubChapter G - Documentation and Measurement of Vessels |
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Part 67 - Documentation of Vessels |
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Subpart Q - Filing and Recording of Instruments - Mortgages, Preferred Mortgages, and Related Instruments |
§ 67.243 - Requirements for instruments subordinating mortgages.
Latest version.
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§ 67.243 Requirements for instruments subordinating mortgages.
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.