Approval for inclusion of the AC Form 8050-98 Security Agreement into OMB Collection 2120-0042 is needed in that the form may be used by the public (though not required as only method of submission) for having liens/mortgages against aircraft, engines, propellers, and spare parts recorded with the Civil Aviation Registry in accordance with requirements of 14 CFR Part 49. Once examined and it is confirmed that the instrument meets recording requirements, the document is given a recording number and made a permanent part of the aircraft record. The additional document added to Supporting Statement A, "Air Carrier contract Maintenance final Rule" was added in error and is not relevant to this collection, please disregard it.
US Code:
49 USC 44108
Name of Law: Validity of conveyances, leases, and security
On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control number;
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.