46 CFR Sec. 356.19

In order for a Mortgagee to be eligible to obtain a Preferred Mortgage on a Fishing Industry Vessel after April 1, 2003, it must be:

1. A citizen of the United States
2. A state or federally chartered financial institution that is insured by the Federal Deposit Insurance Corporation;
3. A farm credit lender established under title 12, chapter 23, of the United States Code (12 U.S.C. Sections 2001 et seq.);
4. A commercial fishing and agricultural bank established pursuant to State law;
5. A commercial lender organized under the laws of the United States or of a State and eligible to own a vessel under 46 U.S.C. Sec. 12113(c); or
6. A Mortgage Trustee that complies with the requirements of 46 U.S.C. Sec. 31322(f) and 46 C.F.R. Sections 356.27-356-31.

Choose the appropriate Form of Certificate below:

• Federally Chartered Financial Institution
• State Chartered Financial Institution
• Farm Credit Lender
• Commercial Fishing and Agriculture Bank
• Commercial Lender
• Lender Syndicate
• Mortgage Trustee
• U.S. Citizen Mortgage