I have made very few Marine Loans, but had a few questions. This will not be the borrowers principal residence. My are thoughts are this is a simple Consumer Loan, much like an automobile. If so, what all do I need to have to perfect my security interest? Lien on title, UCC filing on Motor(s), etc. This is a large houseboat that will be docked at a local Marina. Any help would be appreciated.

As far as I'm aware, boats are usually titled or documented. If titled, most states have it that the secured party you would place a lien on the title, similar to a car. Detachable engines, etc usually have a UCC filed.

Documented vessels have a registration I believe through the Coast Guard, have a minimum displacement. - The lender should probably go through an attorney or an agent familiar with the process to document the vessel.

Whatever the case, it would be best to have the bank's counsel involved. It would be a very small price to ensure you would have the collateral in event of default. Although it is a houseboat, if you are on the coast, there may need to be provisions in the security agreement to ensure it is not taken into international waters, or used in transportation of any prohibited substances. In the first case, it would be hard to get back - in the second, the boat may be confiscated without payment to secured parties.