46 USC § 31327 - Forfeiture of mortgagee interest

---
identifier: "/us/usc/t46/s31327"
source: "usc"
legal_status: "official_legal_evidence"
title: "46 USC § 31327 - Forfeiture of mortgagee interest"
title_number: 46
title_name: "SHIPPING"
section_number: "31327"
section_name: "Forfeiture of mortgagee interest"
chapter_number: 313
chapter_name: "COMMERCIAL INSTRUMENTS AND MARITIME LIENS"
subchapter_number: "II"
subchapter_name: "COMMERCIAL INSTRUMENTS"
positive_law: true
currency: "119-84"
last_updated: "2026-03-26"
format_version: "1.1.0"
generator: "[email protected]"
source_credit: "(Pub. L. 100–710, title I, § 102(c), Nov. 23, 1988, 102 Stat. 4746.)"
---


# § 31327. Forfeiture of mortgagee interest

section 31322(d) of this title

The interest of a mortgagee in a documented vessel or a vessel covered by a preferred mortgage under  may be terminated by a forfeiture of the vessel for a violation of a law of the United States only if the mortgagee authorized, consented, or conspired to do the act, failure, or omission that is the basis of the violation.

---

**Source Credit**: (Pub. L. 100–710, title I, § 102(c), Nov. 23, 1988, 102 Stat. 4746.)

| Revised section | Source section (U.S. Code) |
| --- | --- |
| 31327 | 46:961(b) |

Section 31327 provides for forfeiture of the mortgagee’s interest if the mortgagee authorized, consented, or conspired to do the act, failure, or omission that is the basis of the violation that caused forfeiture of the vessel. This section makes no substantive change to law.

## Statutory Notes and Related Subsidiaries

### Effective Date

Section effective , with certain exceptions and qualifications, see , set out as a note under .