This chapter does not prevent a mortgagee or other lien holder from waiving or subordinating at any time by agreement or otherwise the lien holder’s right to a lien, the priority or, if a preferred mortgage lien, the preferred status of the lien.
Structure US Code
Subtitle III— Maritime Liability
CHAPTER 313— COMMERCIAL INSTRUMENTS AND MARITIME LIENS
§ 31302. Availability of instruments, copies, and information
§ 31303. Certain civil actions not authorized
§ 31304. Liability for noncompliance
§ 31305. Waiver of lien rights
§ 31306. Declaration of citizenship
§ 31307. State statutes superseded
§ 31308. Secretary of Commerce or Transportation as mortgagee