A line retrieve-release system is provided for mounting on the hull of a boat. Jaws are coupled to the hull of the boat and face substantially aft relative to the boat's bow. The jaws are capable of movement between a partially open position defining the system's "line retrieve" position and a fully open position defining the system's "line release" position. A latch coupled to the jaws is biased to cooperate therewith in the partially open position to thereby define a first enclosed region bounded by the jaws and latch. The latch permits one-way entry into the first enclosed region when a force is applied to the latch from outside of the first enclosed region. Line catch means are coupled to the hull of the boat aft of the jaws. The line catch means combines with the jaws in their partially open position to define a second enclosed region adjacent to the first enclosed region. The line catch means permits one-way entry to the second enclosed region when a force is applied thereto from outside of the second enclosed region. Actuator element(s) are coupled to the jaws to move them to their fully open position to thereby open both the first and second enclosed regions. The actuator elements also allow the retrieve-release system to reset to its "line retrieve" position.