{"data":{"id":"us-dc/d.c.-code-50-1541.18","jurisdiction":"us-dc","citation":"D.C. Code § 50-1541.18","heading":"Transfer of ownership by secured party’s transfer statement.","body":"(a)\nIn For the purposes of this section, “secured party’s transfer statement” means a record signed by the secured party of record stating:\n(1)\nThat there has been a default on an obligation secured by the vessel;\n(2)\nThe secured party of record is exercising or has exercised post-default remedies with respect to the vessel;\n(3)\nBy 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)\nThe name and last-known mailing address of the owner of record and the secured party of record;\n(5)\nThe name of the transferee;\n(6)\nOther information required by § 50-1541.06(b); and\n(7)\nOne of the following:\n(A)\nThe certificate of title is an electronic certificate of title;\n(B)\nThe secured party does not have possession of the written certificate of title created in the name of the owner of record; or\n(C)\nThe secured party is delivering the written certificate of title to the Harbor Master with the secured party’s transfer statement.\n\n(b)\nUnless the Harbor Master rejects a secured party’s transfer statement for a reason stated in § 50-1541.07(c), not later than 20 days after delivery to the Harbor Master of the statement and payment of fees and taxes payable under the law of the District other than this chapter in connection with the statement or the acquisition or use of the vessel, the Harbor Master shall:\n(1)\nAccept the statement;\n(2)\nAmend the files of the Harbor Master to reflect the transfer; and\n(3)\nIf the name of the owner whose ownership interest is being transferred is indicated on the certificate of title:\n(A)\nCancel the certificate of title even if the certificate of title has not been delivered to the Harbor Master;\n(B)\nCreate a new certificate of title indicating the transferee as owner; and\n(C)\nDeliver the new certificate of title or a record evidencing an electronic certificate of title.\n\n(c)\nAn application under subsection (a) of this section or the creation of a certificate of title under subsection (b) of this section is not by itself a disposition of the vessel and does not by itself relieve the secured party of its duties under Article 9 of Subtitle I of Title 28.","path":["Title 50. Motor and Non-Motor Vehicles and Traffic.","Chapter 15B. Uniform Certificate of Title for Vessels."],"source_url":"https://code.dccouncil.gov/us/dc/council/code/sections/50-1541.18","current_through":"2026-08-20 (D.C. Law 26-175)","vintage":"","retrieved_at":"2026-08-29T05:44:07Z","sha256":"e3342b59f096ef5bbd98d4f4d473f50fcd0a3a812ec0c995e07161fca3c889aa","source_id":"us-dc","stale":false,"prev":"us-dc/d.c.-code-50-1541.17","next":"us-dc/d.c.-code-50-1541.19"},"notice":"GroundRules: Original legal text. Not legal advice."}