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.
The latest form for Recording of Aircraft Conveyances and Security Documents expires 2021-01-31 and can be found here.
Document Name |
---|
Supporting Statement A |
Supplementary Document |
Supplementary Document |