What Ship Mortgage Act - Preferred Mortgages, 46 USC 31322 requires
The Ship Mortgage Act provision at 46 USC 31322 sets the requirements for a mortgage on a vessel to qualify as a preferred mortgage. Under Section 31322(a), a mortgage is a preferred mortgage if it includes the whole of the vessel (a)(1), is filed in substantial compliance with Section 31321 (a)(2), covers a documented vessel or a vessel for which a documentation application in substantial compliance with chapter 121 is filed (a)(3), and, for a vessel with a fishery endorsement of 100 feet or greater in registered length, has a mortgagee that is an eligible person such as a person eligible to own such a vessel or a qualifying financial institution (a)(4).
Pillar: Maritime & Shipping · Authority: United States Code (Office of the Law Revision Counsel) via Cornell Legal Information Institute · Version: 1.0.0 · Last updated:
Primary source: https://www.law.cornell.edu/uscode/text/46/31322
SHA-256 integrity: 2773042d410d92c9c4216ce5c024c0898a5b09756f2a1ff80184afee4a4791c2
Primary Citations — 6 traced to source
- 46 U.S.C. 31322 - Preferred mortgages (Ship Mortgage Act)
- 46 U.S.C. 31322(a)(1) - mortgage includes the whole of the vessel
+ 4 more citations (full bibliography, deterministic workflow, actionable schema and crosswalks) included in the vault unlock — $0.01 via Skyfire / L402 / Direct Base USDC.
Access
- Discovery (free): /api/v1/nodes/us-ship-mortgage-act-preferred-mortgage-46-usc-31322.json — 6-field metadata
- Vault (full node): /api/v1/vault/nodes/us-ship-mortgage-act-preferred-mortgage-46-usc-31322.json — full 13-key payload, $0.01 USDC (L402/Skyfire/Direct Base)
- Canonical URL: https://bidda.com/intelligence/us-ship-mortgage-act-preferred-mortgage-46-usc-31322
- Back to registry: Browse all 10,085 compliance nodes