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Marine lenders managing lien perfections, defaults as repos rise, laws change

M&T Bank’s nonaccrual recreational loans landed at 0.21% in 2025

Johnnie Martinez II

Marine lenders must take a state-by-state approach to lien perfection, repossession and deficiency recovery to protect their rights and manage losses amid rising repossessions of recreational vehicles and changes in state laws.  As more states, such as New York, adopt the 2022 Uniform Commercial Code amendments, and other states, such as Utah and Texas, adjust their repossession and lien laws, lenders must be sure that their lien […]

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