(a)A documented vessel shall not be titled by a State or required to display numbers under chapter 123, and any certificate of title issued by a State for a documented vessel shall be surrendered in accordance with regulations prescribed by the Secretary of Transportation.
(b)The Secretary may approve the surrender under subsection (a) of a certificate of title for a vessel covered by a preferred mortgage under section
31322(d) of this title only if the mortgagee consents.