05-21-2014, 10:58 PM #1
PWCs with liens; how do you know?
I was thinking about how automobiles have titles which show any liens that may be in place against the vehicle and how those liens transfer to the new owner if they aren't paid off. How do you know if a PWC has a lien on it? I believe in most states PWCs have a transferrable registration. I know that is true here in NY. When buying a ski, how do you confirm there is not a lien against it?
05-22-2014, 07:43 AM #2
In Florida PWC's have titles, I don't know why every state can't do this.
I bought a pair of skis in Mississippi one time, and hauled them back here. I found out the hard way they don't use titles in that state for vessels. As a result, getting them registered in Florida was a real pain in the azz. I'll never make that mistake again.
05-22-2014, 10:21 AM #3
I guess you would have to have Game and Fish do a check on it by running the hull id number. They will know.
Last edited by K447; 05-22-2014 at 11:05 AM.
05-22-2014, 10:09 PM #4
KY has titles so you will see the lien holder on the title.
05-22-2014, 10:34 PM #5
If the buyer used factory financing there probably won't be a lien even if it's not paid off as the manufacturers use credit card based lines of credit for their financing on new skis.
05-23-2014, 02:48 AM #6
- Join Date
- May 2010
- Austin, Texas
Yeah not sure about civilians but when we run license plates we get the registered owner and lien holder information, at least in Texas.
05-24-2014, 06:38 PM #7
05-26-2014, 03:55 AM #8
Just about all states in the union (if not all) are now perfecting liens as per the Uniform Commercial Code (UCC). Regardless of whether you live in a "title" state or not, the only way a "movable" (car, truck, boat, PWC, RV, TT...) can be used as true collateral on a debt is by perfecting a lien. I'm not big on Wiki, but this seems to be valid: http://en.wikipedia.org/wiki/Uniform_Commercial_Code (I spent just over 30 years in finance which included daily work via the UCC).
So, how do you know if there is a lien on a movable and there's no title? Contact your local county Clerk of Court and ask them what information is needed to do a "UCC look-up" to verify if a lien exist on a vehicle/vessel. This isn't a guarantee, but a really good starting point. To do a state-wide search, contact your state's Secretary of State office, contact the appropriate department for "UCC look-ups". The secretary of state can do a state-wide search for any liens outstanding.
Keep in mind, in order to do a look-up, it's usually the owner information that is needed, not the vessel: Name, address, and possibly a SSN. Your state may vary in how a look-up is done or the exact procedure in place. Before buying used, do your homework. Good luck.
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