Boat Title

[usafret99]

Paid my boat off a few months ago (my first), and received some papers from montgomery (they say UCC Financing statement Admendment). Am I suppose to do something with these? Paper doesnt say!

What do I need to do?

[crappieseeker]

Reminds me I paid cash for my boat and not sure whether I got the title straight from the dealer or if it was suppose to be sent from somewhere. I never really thought about the title I was just so excited to get a boat. I guess I better check. I do not remember anything like you have mentioned though.

[usafret99]

Looked around the Internet and I guess alabama does not have boat titles. So don't leave your boat unsecured or I'm taking it to another state and selling it.

[SeaRay]

If it is like most states, you should get a title with a release from the loan company. This may come from the bank that financed it or they may send it to your state titling department to issue a clean title. In any case, make sure you get one or you won't be able to sell it if you later decide to, without going back and digging all the paperwork out to get it cleared. Just a word to the wise to get it done now while it is fresh in everyone's mind.

[Prater4586]

Alabama doesn't title boats. All a seller needs is a bill of sale and the previous years registration. I sold a boat this year and bought a new one, that's all I needed both times

[SeaRay]

Y'all are lucky then. The reasone they title boats and now also outboard motors in SC
is so they can make us pay personal property tax on them. On the plus side, one as old as mine they don't tax and it makes it very difficult for a thief to steal and resell it.

[jimp]

The UCC was or is a way that banks/lending institutions would register their lien on the boat when you borrowed the $$ to buy it. The UCC stated that Bank xyz had a monetary interest in the boat if you did not pay them back. Since you paid it off, make sure it indicates that the UCC has paid in full, and the bank has released its lien on the boat. It needs (or used to be) recorded as a matter of public record that the UCC has been satisfied/paid in full.