(1) A certificate of title for a floating home or boathouse is valid and effective only as long as ownership and location remain the same.

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(2) The State Marine Board shall require the surrender of the certificate of title before issuing a new certificate of title unless the floating home was abandoned by a tenant under ORS Chapter 90.

(3) The identifying plate issued by the board shall remain the same when a new certificate of title is issued.

(4) Application for a new certificate of title shall be made in the manner provided in ORS § 830.855. The application shall be accompanied by a fee of $100. The board shall issue the new certificate of title in the manner provided in ORS § 830.855. [Formerly 488.727; 1997 c.577 § 44; 2015 c.627 § 6]