Patrick It is possible that you can have a COD in process and register with the State. Pretty sure the DMV would gladly take your money.
Do you have a "Bill of Sale" from the Previous Owner? That and a copy of the COD from the Previous Owner plus the information that the CG is processing the document exchange should be sufficient evidence for any good lawyer to take possession of your boat should you walk away leaving the boat moored in the marina or fail to pay your moorage. That is why they want the document.
Usually the COD is reserved for commercial boats or recreational boats over a certain net tonnage. It is a nice way to have a consistent title record of the boat. It makes it easier to sail across borders into foreign countries, such as Canada.
§67.5 Vessels eligible for documentation.
Any vessel of at least five net tons wholly owned by a citizen or citizens of the United States is eligible for documentation under this part. This includes, but is not limited to, vessels used exclusively for recreational purposes and vessels used in foreign trade.
Tonnage is defined as:
- Net tonnage (NT) is based on a calculation of the volume of all cargo spaces of the ship. It indicates a vessel's earning space and is a function of the moulded volume of all cargo spaces of the ship.
- A commonly defined measurement system is important, since a ship's registration fee, harbor dues, safety and manning rules, and the like may be based on its gross tonnage (GT) or net tonnage (NT).
Would not think your J/30 meets that standard. So getting the boat registered with the DMV is simpler