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Hawaii adopts Uniform Titling Act for vessels

from State of Hawaii

Hawaii became the fourth state or territory to adopt vessel titling based on the Uniform Certificate of Title Act for Vessels when Governor David Ige signed House Bill 2596 into law on June 20, 2018. The major objectives of the Uniform Certificate of Title Act for Vessels are to: (1) qualify as a state titling law that the Coast Guard will approve; (2) facilitate transfers of ownership of a vessel; (3) deter and impede the theft of vessels by making information about the ownership of vessels available to both government officials and those interested in acquiring an interest in a vessel; (4) accommodate existing financing arrangements for vessels; and (5) provide certain consumer protections when purchasing a vessel through the Act's branding initiative. more

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