{"data":{"id":"us-ct/conn.-gen.-stat.-15-218","jurisdiction":"us-ct","citation":"Conn. Gen. Stat. § 15-218","heading":"Secured party's transfer statement, defined. Department of Motor Vehicles' duties upon acceptance.","body":"(a) For the purposes of this section, “secured party's transfer statement” means a record signed by the secured party of record stating:\n(1) That there has been a default on an obligation to the secured party of record secured by the vessel;\n(2) The secured party of record is exercising or has exercised post-default remedies with respect to the vessel;\n(3) By reason of the exercise, the secured party of record has the right to transfer the ownership interest of an owner, and the name of the owner;\n(4) The name and last known mailing address of the owner of record and the secured party of record;\n(5) The name of the transferee;\n(6) Other information required by subsection (b) of section 15-207; and\n(7) One of the following:\n(A) The certificate of title is an electronic certificate of title;\n(B) The secured party does not have possession of the written certificate of title created in the name of the owner of record; or\n(C) The secured party is delivering the written certificate of title to the Department of Motor Vehicles with the secured party's transfer statement.\n(b) Unless the department rejects a secured party's transfer statement for a reason stated in subsection (c) of section 15-208, after delivery to the department of the statement and payment of fees and taxes payable under the law of this state, other than sections 15-201 to 15-232, inclusive, in connection with the statement or the acquisition or use of the vessel, the department shall:\n(1) Accept the statement;\n(2) Amend the files of the department to reflect the transfer; and\n(3) If the name of the owner whose ownership interest is being transferred is indicated on the certificate of title:\n(A) Cancel the certificate of title even if the certificate of title has not been delivered to the department;\n(B) Create a new certificate of title indicating the transferee as owner; and\n(C) Deliver the new certificate of title or a record evidencing an electronic certificate of title.\n(c) An application submitted under subsection (a) of this section or the creation of a certificate of title under subsection (b) of this section shall not in and of itself be a disposition of the vessel and shall not in and of itself relieve the secured party of its duties under article 9 of title 42a.","path":["TITLE 15. NAVIGATION AND AERONAUTICS","CHAPTER 269. UNIFORM CERTIFICATE OF TITLE FOR VESSELS ACT"],"source_url":"https://www.cga.ct.gov/current/pub/chap_269.htm#sec_15-218","current_through":"Revised to January 1, 2026 (2026 Supplement to the General Statutes of Connecticut, applied over the base revision of January 1, 2025)","vintage":"","retrieved_at":"2026-09-06T19:07:01Z","sha256":"d612588d8dce9c86d95c4705a10646c50fe22f2e850398b077949f60af565f8c","source_id":"us-ct","stale":false,"prev":"us-ct/conn.-gen.-stat.-15-217","next":"us-ct/conn.-gen.-stat.-15-219"},"notice":"GroundRules: Original legal text. Not legal advice."}