110 STAT. 3980 PUBLIC LAW 104-324—OCT. 19, 1996 the inspection of small passenger vessels inspected under the State program. (c) TERMINATION,—The authority provided by subsection (a) terminates on December 31, 1999. (d) DEFINITIONS. —For purposes of this section— (1) SECRETARY.—The term "Secretary^' means the Secretary of the department in which the Coast Guard is operating. (2) STATE. — The term "State" means the State of Minnesota. (3) SMALL PASSENGER VESSEL.— The term "small passenger vessel" means a small passenger vessel (as defined in section 2101(35) of title 46, United States Code) of not more than 40 feet overall in length. SEC. 1123. COMMONWEALTH OF THE NORTHERN MARIANA ISLANDS FISHING. Section 8103(i)(l) of title 46, United States Code, is amended— (1) by striking "or" in subparagraph (B); (2) by striking the period at the end of subparagraph (C) and inserting a semicolon and "or"; and (3) by adding at the end thereof the following: "(D) an alien allowed to be employed under the immigration laws of the Commonwealth of the Northern Mariana Islands if the vessel is permanently stationed at a port within the Commonwealth and the vessel is engaged in the fisheries within the exclusive economic zone surrounding the Commonwealth or another United States territory or possession.". SEC. 1124. AVAILABILITY OF EXTRAJUDICIAL REMEDIES FOR DEFAULT ON PREFERRED MORTGAGE LIENS ON VES- SELS. (a) AVAILABILITY OF EXTRAJUDICIAL REMEDIES. — Section 31325(b) of title 46, United States Code, is amended— (1) in the matter preceding paragraph (1) by striking "mortgage may" and inserting "mortgagee ma)^'; (2) in paragraph (1) by— (A) striking "perferred" and inserting "preferred"; and (B) striking "; and" and inserting a semicolon; and (3) by adding at the end the following: "(3) enforce the preferred mortgage lien or a claim for the outstanding indebtedness secured by the mortgaged vessel, or both, by exercising any other remedy (including an extrajudicial remedy) against a documented vessel, a vessel for which an application for documentation is filed under chapter 121 of this title, a foreigi vessel, or a mortgagor, maker, comaker, or guarantor for the amount of the outstanding indebtedness or any deficiency in full payment of that indebtedness, if— "(A) the remedy is allowed under applicable law; and "(B) the exercise of the remedy will not result in a violation of section 9 or 37 of the Shipping Act, 1916 (46 App. U.S.C. 808, 835).". (b) NOTICE. — Section 31325 of title 46, United States Code, is further amended by adding at the end the following: "(f)(1) Before title to the documented vessel or vessel for which an application for documentation is filed under chapter 121 is transferred by an extrajudicial remedy, the person exercising the remedy shall give notice of the proposed transfer to the Secretary,
�
