Group drafts uniform boat-title rules for states

Author:
Updated:
Original:

This week, the Uniform Law Commission, a 350-member group of appointed law commissioners who draft uniform laws aimed at solving problems common to the states, approved the Uniform Certificate of Title Act for Vessels, the National Marine Manufacturers Association reported.

The act, similar to most state boat title schemes, also creates a model vessel brand that acts as a permanent designation on a boat title that discloses damage to a boat and serves as a valuable tool to consumers, insurers and lenders.

This information is now regulated by a number of state and federal laws. The act seeks to create a uniform model that not only will be approved by the Coast Guard, but also will help and protect consumers by facilitating financing and transfers of ownership and by deterring theft.

“This is a major win for recreational boating and boaters, and we applaud the spirit of collaboration embodied by the ULC in working with the recreational boating industry on this landmark title act,” NMMA president Thom Dammrich said in a statement. “We look forward to working closely with the ULC as it establishes a committee that will work with NMMA and other recreational boating industry members to educate the boating community on the new model law and facilitate its enactment in all states.”

Click here for information or contact Cindy Squires at (202) 737-9766 or csquires@nmma.org.

Related

Vision Marine, Hellkats to Attempt E-Boat Speed Record

A Hellkats 32-foot Widebody equipped with Vision Marine’s E-Motion powertrain will try to be the fastest electric boat in its category.

Grand Banks Operations Remain Halted

The announcement follows the Malay government order extending movement restrictions to curb the spread of Covid-19.

OneWater Marine to Acquire N.J.'s Stone Harbor Marina

The acquisition further expands OneWater’s reach in the Northeast.

Rounding the Last Bend?

As all segments of the economy race to surpass prepandemic levels, a bit of wheelspin is expected to occur, but not for long.

MMTA Kicks Off Boater Initiative

Encouraging waterborne travel to the Bay State. Plus: businesses can legally require its staff to receive a Covid-19 vaccine.

Fairline Yachts Acquired

For the third time in five years, the esteemed U.K. builder has changed hands.

Free Fishing Fun with Cabela’s and Bass Pro Shops

To launch their Gone Fishing promotion, the outdoors companies are donating 40,000 rods and reels to youth-fishing partners and holding free in-store fishing events June 19-20.