88.02.360  <<  88.02.370 >>   88.02.375

RCW 88.02.370

Five business-day notice—Vessel disposition or filing of report of sale.

(1) A vessel owner shall notify the department in writing within five business days after a vessel is or has been:
(a) Sold;
(b) Given as a gift to another person;
(c) Traded, either privately or to a vessel dealer;
(d) Donated to charity;
(e) Turned over to an insurance company or wrecking yard; or
(f) Disposed of.
(2) A report of sale is properly filed if it is received by the department within five business days after the date of sale or transfer and it includes:
(a) The date of sale or transfer;
(b) The owner's name and address;
(c) The name and address of the person acquiring the vessel;
(d) The vessel hull identification number and vessel registration number; and
(e) A date stamp by the department showing it was received on or before the fifth business day after the date of sale or transfer.
(3) The department shall:
(a) Provide or approve reports of sale forms;
(b) Provide a system enabling a vessel owner to submit reports of sale electronically;
(c) Immediately update the department's vessel record when a report of sale has been filed;
(d) Provide instructions on release of interest forms that allow the seller of a vessel to release their interest in a vessel at the same time a financial institution, as defined in RCW 30A.22.040, releases its lien on the vessel; and
(e) Send a report to the department of revenue that lists vessels for which a report of sale has been received but no transfer of ownership has taken place. The department shall send the report once each quarter.
NOTES:
Effective date2015 c 148: "This act takes effect January 1, 2017." [ 2015 c 148 § 2.]
Effective dateIntentLegislation to reconcile chapter 161, Laws of 2010 and other amendments made during the 2010 legislative session2010 c 161: See notes following RCW 46.04.013.
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