TX HB4895

Reduces the deadline for new vessel owners to submit title transfer applications from 45 days to 20 days after purchase, and requires dealers/manufacturers to file title applications within 20 days of sale

Expands the definition of "vessel" with specific exemptions including seaplanes, watercraft on fixed manufactured courses, and stationary floating structures with permanent utility/sewage hookups; also exempts amphibious vehicles with motor vehicle titles from vessel numbering requirements

Creates new "Hull Damaged" title brand requirements, mandating owners and insurers to disclose hull damage before transferring ownership, with Class B misdemeanor penalties for intentional violations and Class C misdemeanor for negligent violations

Authorizes electronic certificates of title for vessels and outboard motors, establishes detailed procedures for perfecting security interests, and allows electronic versions of certificates of number to be carried on board vessels

Adds comprehensive provisions for security interest perfection, termination statements, transfer by operation of law, and secured party transfer procedures, with the department required to issue certificates within 20 days of receiving compliant applications; takes effect January 1, 2028