Boat Title Disclosure Form
Boat Owner Title Disclosure form with examples and instructions.
The Boat Title Disclosure form is designed to help buyers and lenders gather pertinent information about a particular boat and its owner. It may be executed by the owner or used as a checklist in conducting boat and ownership searches.
Usage Context
There are no requirements in the marine industry for written disclosures such as you would find in real estate transactions. However, it is reasonable for an owner or seller to provide enough information for a buyer or lender to make an informed decision about the boat's title condition and the owner's wherewithal to make good on any such representations.
Example and Conversion
An example of the Boat Title Disclosure form is available in Adobe PDF format from the Referrals for this page. It can be easily converted into your favorite word processing application for modification and editing purposes. If your system does not already have this capability, there are a number of free or subscription internet services available that can provide such an accommodation.
Instructions
The form is self explanatory and should be completed as applicable to the fullest degree possible. Exhibits A and B can be used to expand on any of the topics.
Conclusion
The importance of title research and an owner background check can not be understated for any boat purchase or loan transaction. Reluctance on behalf of the owner to provide such information should warrant cause for immediate concern.
References and Referrals
Comments - Suggestions - Corrections