When you take a Vessel into your inventory there are a couple of possible scenarios…
Is the vessel titled –is it a registration only –is it neither titled nor registered?
Note: Some states do not title vessels (Use TL-10, Exhibit B, and reference books to verify).
Is your customer a listed owner?
Is there more than one owner?
Do you need more than one signature?
Is your customer NOT a listed owner?
Do they have Power of Attorney for the listed owner?
*Remember the Power of Attorney must be an original or certified copy*
Do you have the most current title?
For a Florida title you can check the DMV website to verify. https://services.flhsmv.gov/MVCheckWeb/
Is there a lien shown on the face of the title – if so, has it been satisfied?
Has the owner accurately completed the transfer of ownership on the title to the dealership?
*If it’s a broker deal, it should be assigned to the buyer and the broker information section should be completed.*
Not Titled or Registered Vessel
Advise your customer to visit a Tax Collector office to obtain a Florida Certificate of Title in their name. Once they receive the title, they can accurately execute the title to the dealership or to the buyer (broker deal).
Registration Only Vessel
If the vessel qualifies as a registration only, you can assign ownership on form HSMV 87244.
Be sure to include any supporting documentation (Bill of Sale). We will need to see the chain of ownership.