Mich. Admin. Code R. 281.2216 - Security interest; notation on application for title
Rule 16.
(1) When a
security interest is created or assigned, the owner, secured party, or dealer
may present the following materials to the secretary of state:
(a) A properly completed application for
certificate of title.
(b) The fee
prescribed by section 10 of the act.
(c) The current certificate of title to the
watercraft.
(d) A copy of the
application, which need not be signed or notarized.
(2) Upon receipt of the materials described
in subrule (1) of this rule, the secretary of state shall do both of the
following:
(a) Indicate the date and place of
filing on the copy of the application and return the copy to the secured
party.
(b) Issue a new certificate
of title and mail it to the owner.
Notes
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