Boat loans on larger boats generally require Federal Documentation. Why? State laws vary from state to state with no uniformity and that is worrisome should the companies have to take them back due to non payment. With Federal Documentation, the laws are the same regardless of what state the boat is in. In other words uniformity.
Federal documentation is also recognized by many countries and give you some protection as there are reciprocal agreements. With State registered boats, that is not the case except for Canada and a few other countries close by. Thus going offshore, it is better to be federally documented.
As for Washington, look at the job they are doing with Trillions in debt. If I were in the White House, heads would roll.
Federal documentation is also recognized by many countries and give you some protection as there are reciprocal agreements. With State registered boats, that is not the case except for Canada and a few other countries close by. Thus going offshore, it is better to be federally documented.
As for Washington, look at the job they are doing with Trillions in debt. If I were in the White House, heads would roll.