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Old 03-28-2019, 07:31 PM   #1
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Paid off, now what?

We paid off the loan on our boat in mid January and have yet to receive the pink. Who do we go to for the pink?
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Old 03-28-2019, 07:54 PM   #2
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We paid off the loan on our boat in mid January and have yet to receive the pink. Who do we go to for the pink?
You ask the lender....

If the boat is documented you should have the ships mortgage released

You will want to keep a copy of the satisfaction letter
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Old 03-28-2019, 08:04 PM   #3
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Start saving up for a bigger boat??
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Old 03-28-2019, 08:41 PM   #4
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In NC, titles are on file at the Register of Deeds downtown. If it is a Coast Guard registered boat, there really isnít one. (That is the way it was described to me) We just paid ours off too.
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Old 03-28-2019, 08:43 PM   #5
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Start saving up for a bigger boat??


One with at least one Volvo motor for sure!
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Old 03-28-2019, 08:48 PM   #6
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In NC, titles are on file at the Register of Deeds downtown. If it is a Coast Guard registered boat, there really isnít one. (That is the way it was described to me) We just paid ours off too.
Documented boats are titled. You can run an Abstract of title. You will want to have the lien removed from your documented boat.
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Old 03-28-2019, 09:14 PM   #7
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If the boat is documented then it takes a while for the CG to remove the loan from the documentation. Prepare to be patient...
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Old 03-28-2019, 10:03 PM   #8
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If the boat is documented then it takes a while for the CG to remove the loan from the documentation. Prepare to be patient...
yea but someone has to submit the paper work to them. lenders do not necessarily do that by default...
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Old 03-28-2019, 10:15 PM   #9
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Our lender did. Sent us a copy. Took 10 months for the Coast Guard to process, but I confirmed by repeated phone calls that it was processed.
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Old 03-28-2019, 11:44 PM   #10
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My lenders have submitted the paperwork in the last, I believe they are required to submit it.
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Old 03-29-2019, 12:46 AM   #11
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Dont forget there was a partial government shutdown during that time to help smooth paperwork along.
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