The New York What Lenders Should Know About the NYS Vehicle, Boat & Manufactured Home Title Program is a program that helps lenders understand the process of titling vehicles, boats, and manufactured homes in New York State. This program outlines the requirements, documents, and processes for registering and titling these vehicles, boats, and manufactured homes in New York. Specifically, lenders must understand the differences between a Certificate of Title, a Manufacturer's Statement of Origin, and a Bill of Sale. The program also outlines the requirements for documenting the identity of a vehicle or boat owner, the title transfer process, and the various fees involved. Additionally, lenders should understand the different types of titles available, such as salvage titles, rebuilt titles, and title-only transfers. Lastly, the program provides guidance on the title-lien process and how to verify a lien holder's identity.
New York What Lenders Should Know About the NYS Vehicle, Boat & Manufactured Home Title Program
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Use the Statement of Ownership (PDF) (MV-51B) For example, the applicant can show an old registration, an original Manufacturer's Certificate of Origin, or an original Manufacturer's Statement of Origin. If the proof is not available, the applicant can use the MV-51B for proof of ownership.
NOTE: If a boat is 1987 or newer and 14 ft. or longer, and not documented, a NYS resident must obtain a title in their name before transferring it to a new owner.
HOW DO I FILE A LIEN? To file a lien against a titled vehicle, boat, or manufactured home for which you provided a loan, NYS law requires that you apply to the Commissioner of Motor Vehicles and pay a lien filing fee. As the lienholder you must pay the fee, it cannot be charged to the borrower or the dealer.
How Do I Transfer Boat Ownership to My New Boat? Seller with current proof of ownership must provide a bill of sale and sign transfer section. If the seller currently has a title certificate that was transferred to them, seller must apply for a new title certificate and transfer that one.
See information for how to register a vehicle you bought (or received as a gift). You must register the vehicle at a DMV office or by mail. You cannot do this over the phone, or online.
Required Documents Bill of Sale; Boat Registration / Title Application (Form MV-82B); Certificate of title; Proof of identity; Proof of ownership; and. Registration fees.
Before you purchase a vehicle, a trailer, a boat, a snowmobile or an ATV, make sure that you can receive acceptable proof of ownership. Without it you can have difficulties when you go to register the vehicle, get a title certificate or transferable registration in your name.