How do I transfer ownership of a used boat in Maryland?
Bellow are the steps to follow to transfer the ownership of a used boat in Maryland:
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Obtain the boat's title from the seller. If the boat is financed, the lender will hold the title until the loan is paid off.
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Complete the "Assignment of Title" section on the back of the title. Make sure that all fields are completed accurately, including the seller's name, address, and signature, as well as the buyer's name and address.
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Complete a bill of sale, which should include the date of sale, the purchase price, and the boat's make, model, and year. Both the buyer and seller should sign the bill of sale.
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Obtain a Maryland Department of Natural Resources (DNR) number. This is a unique identification number assigned to the boat by the state of Maryland. You can obtain a DNR number by completing a "Maryland Certificate of Number" form and paying the appropriate fee.
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Complete the "Application for Certificate of Title" form and submit it, along with the title, bill of sale, and DNR number, to the Maryland Department of Transportation Motor Vehicle Administration (MDOT MVA). You will also need to pay a transfer fee.
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Once the MDOT MVA processes your application and verifies that all the necessary documents are in order, they will issue a new title in your name.
It's important to note that if the boat is being transferred between family members, the process may be slightly different. Additionally, if the boat is being transferred from out of state, there may be additional requirements. It's a good idea to check with the MDOT MVA for specific instructions based on your situation.
