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Applying for Loan with Boat as Collateral

Is the boat title application considered as a necessary document as per state laws in Missouri, while applying for a loan with the boat as collateral?

Untitled

We can't answer specific state law questions, but suffice it to say that a lender taking the boat as collateral will want to ensure that he has a clear title to it. If this application assists in that, the lender will request it at some point.

Published on BankingQuestions.com 10/20/10