[Code of Federal Regulations]
[Title 46, Volume 2]
[Revised as of October 1, 2004]
From the U.S. Government Printing Office via GPO Access
[CITE: 46CFR67.83]

[Page 352]
 
                           TITLE 46--SHIPPING
 
   CHAPTER I--COAST GUARD, DEPARTMENT OF HOMELAND SECURITY (CONTINUED)
 
PART 67_DOCUMENTATION OF VESSELS--Table of Contents
 
               Subpart E_Acceptable Title Evidence; Waiver
 
Sec. 67.83  Passage of title by extra-judicial repossession and sale.

    When title to a documented vessel has passed by reason of an extra-
judicial repossession and sale, such passage must be established by:
    (a) A copy of the instrument under which foreclosure was made;
    (b) An affidavit from the foreclosing party setting forth the 
reasons for foreclosure, the chronology of foreclosure, the statute(s) 
under which foreclosure was made, and the steps taken to comply with the 
relevant instrument and statute(s);
    (c) Evidence of substantial compliance with the relevant instrument 
and statute(s); and
    (d) A bill of sale which meets the criteria for filing and recording 
set forth in subpart P of this part from the foreclosing party as agent 
for the defaulting owner(s).