Use this form to file a Satisfaction of Mortgage on a documented vessel. If you have recorded a Preferred Ship Mortgage on a vessel and the vessel owner has satisfied that mortgage, you must file a satisfaction with the Coast Guard or you could be subject to a fine of up to $10,000 pursuant to 46 U.S.C. § 31309, 46 U.S.C. § 31321(f).
Once you're done, we will process your Satisfaction of Mortgage documents and e-mail them to you for your signature and notarization. You can print out the documents yourself, or e-sign and e-notarize with us free of charge- your choice!
If you don't know the official number for the vessel, just put in the vessel's name and we'll track the official number for you.