220
Legacy ID
1061
Show Effective Date
Off
Significant Regulatory Guidance
No
Requirements to Hold a Preferred Mortgage
46 CFR Sec. 356.19In order for a Mortgagee to be eligible to obtain a Preferred Mortgage on a Fishing Industry Vessel after April 1, 2003, it must be:
A citizen of the United StatesA state or federally chartered financial institution that is insured by the Federal Deposit Insurance...