§5339. Redemption.  


Latest version.
  • (a) Notice.--Upon request of the customer, any lienholder or the owner of a boat or any related equipment, the marine business shall provide the amount necessary under subsection (b), at the time of the request, to redeem the boat and any related equipment.

    (b) Charges and expenses.--Prior to the forfeiture of a boat and any related equipment under this subchapter, the customer, any lienholder or the owner of a boat or any related equipment may pay the amount necessary to satisfy:

    (1) All charges due the marine business for the repair, remanufacture, restoration, alteration, storage, cleaning, consignment or brokerage of the boat and any related equipment.

    (2) Reasonable expenses associated with the mailing of notices under section 5334 (relating to notice for boats and related equipment) and the publication of notice under section 5337 (relating to publication for boats and related equipment).

    (c) Return of property.--Upon payment of all charges and expenses under subsection (b), the marine business shall return the boat and any related equipment to the customer, lienholder or owner and shall thereafter have no liability to any person with respect to the boat and any related equipment.