# Regulated Transactions Involving Documented Vessels and Other Maritime Interests: Elimination of Mortgagee and Trustee Restrictions
> **Maritime Administration** · Final rule. · Published 1998-02-11 · Effective 1998-02-13 · 63 FR 6880
## Document
- **Document number:** 98-3346
- **Category:** maritime
- **Sub-agency:** Maritime Administration
- **Federal Register citation:** 63 FR 6880
- **CFR reference:** 46 CFR 221
- **Publication date:** 1998-02-11
- **Effective date:** 1998-02-13
- **DOT docket:** Docket No. R-170
## Abstract

The Maritime Administration (MARAD) is issuing this final rule to conform its existing regulations to statutory changes that eliminate restrictions on mortgagees and trustees, thereby eliminating the need for approval by MARAD of mortgagees, trustees and mortgages held by noncitizens on U.S. documented vessels.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/1998/02/11/98-3346/regulated-transactions-involving-documented-vessels-and-other-maritime-interests-elimination-of)
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