46 CFR 67.243 - Requirements for instruments subordinating mortgages.

Regulations last checked for updates: Nov 22, 2024

Title 46 - Shipping last revised: Nov 04, 2024

§ 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.

authority: 14 U.S.C. 664; 31 U.S.C. 9701; 42 U.S.C. 9118; 46 U.S.C. 2103,2104,2107,12102,12103,12104,12105,12106,12113,12133,12139; DHS Delegation 00170.1, Revision No. 01.3

source: CGD 89-007, CGD 89-007a, 58 FR 60266, Nov. 15, 1993, unless otherwise noted.

cite as: 46 CFR 67.243