As a side note, be aware that if you have a loan on that boat it will take a LONG TIME for the USCG to remove that lien once it's satisfied. While it doesn't prevent you from selling the boat (as long as you have the letter from the bank stating that the lien has been removed), it can make it more complicated.
I paid mine off in April and it still isn't complete. I think they are currently processing requests that they got last December, so it's gonna be awhile.
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