The United States Code pertaining to the filing and recording of mortgages and related instruments is Title 46 USC 313; the
applicable regulations are found in Title 46 Code of Federal
Regulations, Subparts O, P and Q, Sections 67.200-245. The U.S.
Coast Guard acts principally as a recording agency in regard to
mortgages and related instruments; therefore, it is suggested you
review the cited references and/or seek private legal counsel for
There is NO government form for a preferred mortgage;
however, there is an Optional Application for Filing form, CG-
5542. This form may be attached to a mortgage or related
instrument. If CG-5542 is properly completed, the instrument to
which it is attached will be filed and recorded WITH NO
FURTHER REVIEW. An original or a copy of form CG-5542 must
be submitted with an original or a copy of the mortgage. The mortgage or related instrument must include the following:
NOT USED FOR NEW CHATTEL OR PREFERRED MORTGAGES.
MUST BE COMPLETED FOR ASSUMPTIONS, ASSIGNMENTS,
AMENDMENTS, OR OTHER INSTRUMENTS MODIFYING
CHATTEL OR PREFERRED MORTGAGE FILED PREVIOUSLY
I (We) hereby certify that the facts recited herein are true and correct. I (We) understand that the U.S. Coast Guard will rely on those recitations in indexing the attached instrument.