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even if he or she does not actually know. A simple title search will show the federally recorded owner-ship and lien status of any aircraft registered in the United States.
When a Lien Is Recorded
When a security agreement or lien document is recorded, the FAA sends an Aeronautical Center (AC)
Form 8050-41, Conveyance Recordation Notice, to
the secured party. This notice describes the affected aircraft (and other eligible collateral such as engines,
propellers and air carrier spare parts locations). It also identifies the recorded document by its date,
the parties, the FAA recording number, and date of recordation. This recordation notice is sent as a
confirmation that the lien has been recorded and
added to the aircraft record.
Releasing a Recorded Lien
The FAA Form 8050-41 may be used as a release if the secured party signs below the release statement and returns the form to the AFS-750. The FAA may also accept as a release a document that describes
the affected collateral, specifically identifies the lien,
and contains a statement releasing all lienholder rights and interest in the described collateral from
the terms of the identified lien. The release document
must be signed in ink by the secured party and show the signer’s title, as appropriate.
A new AC Form 8050-41 may be requested by con-
tacting AFS-750. You will need to describe the aircraft and the lien document sufficiently to identify the specific document needing release. AFS-750 contact information is in the FAA Contact Information
appendix on pages A1–A2 of this handbook.
Aircraft documents
There are numerous documents that should be reviewed and transferred when you purchase an aircraft.
Bill of Sale or Conditional Sales Contract
The bill of sale or conditional sales contract is your proof of purchase of the aircraft and will be recorded with the FAA to protect your ownership interest.
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