Voglio sapere a riguardo di…

52796

Federal Register / Vol. 86, No. 181 / Wednesday, September 22, 2021 / Proposed Rules
Section 187.320 new. This new section would incorporate UCOTAV
section 20, concerning ownership interest transfers by operation of law, which 187.311 currently contains.
Section 187.321. This section currently requires a hull identification number to be assigned and affixed to a vessel upon proof of its ownership. We propose replacing the existing language with a substantively identical adaptation of UCOTAV section 21, concerning applications for transferring ownership or for canceling a security interest that is not accompanied by a certificate of title. UCOTAV
recommends more specific requirements for recording hull identification numbers, which we would include in revised 187.307, 187.309, 187.311, 187.315, and 187.325. For example, UCOTAV requires the State to issue a hull identification number in cases where the State did not issue one to the vessel owner or operator upon original construction, such as an antique vessel built prior to November 1972.
Section 187.322 new. This new section would incorporate UCOTAV
section 22, concerning replacement title certificates, which is currently addressed in 187.319.
Section 187.323. This section currently specifies procedures for perfecting vessel security interests, which would be addressed in 187.315.
The revised 187.323 would incorporate UCOTAV section 23, concerning the rights of a vessel purchaser who is not a secured party.

Section 187.324 new. This new section would incorporate UCOTAV
section 24, concerning the rights of secured parties.
Section 187.325. This section currently requires States to specify the procedure for assigning vessel security interests, which would be addressed in the revised 187.315f. The revised 187.325 would incorporate UCOTAV
section 25, specifying certain requirements for the administrative operation of a State certificating authority, such as length of record retention and allowable fees.
Section 187.327. We would remove this section, which covers the discharge of a vessel security interest. This topic would be covered in the new 187.316.
Sections 187.329. We would remove this section. It is not necessary to retain the requirement in 187.329 for States to specify titling system forms, as UCOTAV requirements for specific records would appear throughout revised subpart D. An example of this is in the title application and certificate provisions of 187.306 through 187.310.
Section 187.331. We would remove this section. Section 187.331 requires States to retain title system information and make it available to government authorities. In the revised subpart D, similar requirements would appear in 187.311d and 187.325a.
VI. Regulatory Analyses The Coast Guard developed this NPRM after considering numerous statutes and Executive orders related to
rulemaking. Below, we summarize our analyses based on these statutes or Executive orders.
A. Regulatory Planning and Review Executive Orders 12866 Regulatory Planning and Review and 13563
Improving Regulation and Regulatory Review direct agencies to assess the costs and benefits of available regulatory alternatives and, if regulation is necessary, to select regulatory approaches that maximize net benefits including potential economic, environmental, public health and safety effects, distributive impacts, and equity. Executive Order 13563
emphasizes the importance of quantifying both costs and benefits, reducing costs, harmonizing rules, and promoting flexibility.
The Office of Management and Budget OMB has not designated this rule a significant regulatory action under section 3f of Executive Order 12866.
Accordingly, OMB has not reviewed it.
We developed an analysis of the costs and benefits of the proposed rule to ascertain its probable impacts. A
regulatory analysis RA follows.
This RA provides an evaluation of the economic impacts associated with this proposed rule. Table 1 provides a summary of the proposed rules costs and benefits. The Coast Guard requests public comments on all aspects of the following analysis. In particular, the Coast Guard requests comments on the categories of unquantified costs and benefits and potential costs listed in Table 1 below.

TABLE 1SUMMARY OF THE PROPOSED RULES IMPACTS 1
Category
Summary
Affected Population

56 States of which 18 are not currently in compliance with VIS requirements and 47 have not adopted UCOTAV subpart D or started the process.
$138,490 10-year discounted cost.
$19,718 annualized cost.
2 States currently have legislative conflicts that may impact VIS participation. While the cost to negotiate and amend the legislation is estimated, the cost of labor to put forward and vote on the privacy legislation is difficult to quantify.
47 States currently have legislative conflicts that may impact adopting UCOTAV. While the cost to negotiate and amend the legislation is estimated, the cost of labor to put forward and vote on the privacy legislation is difficult to quantify.
Costs to vessel owners, imposed by States without titling programs 7 States, who require vessel owners to obtain a title. Estimated potential cost of obtaining title is $50 not in cost analysis;
Costs to vessel owners, imposed by States without titling programs 7 States, who may experience opportunity costs for labor expended to obtain a title not in cost analysis;
Costs to vessel owners, imposed by States with titling programs 47 States, who may impose additional costs or fees on vessel owners not in cost analysis;
Cost to States to update website after reviewing rule not in cost analysis;
Cost to States seeking to become VIS compliant to transfer data to the Coast Guard included in cost analysis.
Ability to obtain preferred mortgage status; lower transaction costs; deterrence to title washing; recovery of stolen vessels; identification of abandoned vessels; consumer protection; and security measures for financial entities; lower administrative burden and costs to the buyer.

Costs 7-percent discount rate
Unquantified Costs 2

Potential Costs 3

Unquantified Benefits

1 Figures
are rounded to the nearest one dollar.
costs are defined as costs that are incurred as a direct or indirect result of the rulemaking, which are not quantified.
3 Potential costs are defined as costs that may potentially be incurred as a direct or indirect result of the rulemaking.
2 Unquantified
VerDate Sep<11>2014

19:08 Sep 21, 2021

Jkt 253001

PO 00000

Frm 00006

Fmt 4701

Sfmt 4702

E:FRFM22SEP2.SGM

22SEP2