; (2) fees collected from owners of yachts and credited to such use are insufficient to pay expenses of recreational vessel documentation; and (3) there is a backlog of applications for recreational vessel documentation. 410. Certificates of documentation for recreational vessels Section 12114 of title 46, United States Code, is amended by adding at the end the following: (d) Effective period A recreational endorsement for a vessel— (1) except as provided in paragraph (3), shall be effective for 5 years; (2) shall require the owner of the vessel to notify the Coast Guard of each change in the information on which the issuance of the certificate of documentation is based that occurs before the expiration of the certificate under this subsection, by not later than 30 days after such change