In Md, if your boat is Federally registered you can get a state sticker for $5 a year. You are required to have and display a state sticker, however you do not have the state numbers on the bow. You will pay MD DNR tax when you buy or register the boat for the first time in MD. After that $5/yr for the sticker.
Banks like to have the boat Fed registered as if you default, they can seize the boat with the help of the Coast Guard in any location. Much more difficult for them to seize say a MD boat, in South Carolina as the Coasties won't get involved and MD DNR has no juristiction in SC.
Banks like to have the boat Fed registered as if you default, they can seize the boat with the help of the Coast Guard in any location. Much more difficult for them to seize say a MD boat, in South Carolina as the Coasties won't get involved and MD DNR has no juristiction in SC.