Recording of Aircraft Conveyances and Security Documents

Forms and Documents

Document Name	Status
2120-0043_SupportingStatement BLH.docx Supporting Statement A	2018-12-04

IC Document Collections

IC ID	Document Title	Status
25547	Recording of Aircraft Conveyances and Security Documents Instruction	Modified

ICR Details

OMB Control No: 2120-0043	ICR Reference No: 201812-2120-002
Status: Active	Previous ICR Reference No: 201508-2120-005
Agency/Subagency: DOT/FAA	Agency Tracking No:
Title: Recording of Aircraft Conveyances and Security Documents
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 12/02/2019
	Date Received in OIRA: 12/13/2018
Terms of Clearance: Prior to resubmission, the agency will ensure full compliance with electronic submission requirements under GPEA and Sec 4 of the 21st Century IDEA Act. The agency will also update the supporting statement to source assumptions and include a fully loaded wage rate.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	12/31/2020	36 Months From Approved	11/30/2019
Responses	23,681	0	45,469
Time Burden (Hours)	23,681	0	45,469
Cost Burden (Dollars)	0	0	0

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Abstract: On occasion that an aircraft purchaser satisfies his/her debt, the holder of the security interest in an aircraft is mandated to report information to the Civil Aviation Registry. On occasion that a lien/debt has been satisfied and fulfilled, the lienholder completes Part II of form AC Form 8050-41, Notice of Recordation, with a date and signature to signify release of the debt. The lien holder sends the form to the Registry so that the encumbrance may be removed from the record. The lien holder may submit the same information without using the form, if desired.

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Authorizing Statute(s): US Code: 49 USC 44108 Name of Law: Validity of conveyances, leases, and security
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	83 FR 50740	10/09/2018
30-day Notice:	Federal Register Citation:	Citation Date:
	83 FR 57791	11/16/2018
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
Recording of Aircraft Conveyances and Security Documents

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ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to New Statute	Change Due to Agency Discretion	Change Due to Adjustment in Estimate	Change Due to Potential Violation of the PRA
Annual Number of Responses	23,681	45,469	0	0	-21,788	0
Annual Time Burden (Hours)	23,681	45,469	0	0	-21,788	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: Changes in burden figures are based on numbers from the most recent complete FY. Those numbers change from year to year as they are driven by public activity and not by a government requirement.

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Annual Cost to Federal Government: $748,918

Does this IC contain surveys, censuses, or employ statistical methods? No

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination.     No

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination.     No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? Uncollected

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Common Form ICR:  No

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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:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(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;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

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.

Certification Date: 12/13/2018

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