FAA FORM 8050-2 PDF

Aircraft Registration Forms. Form, Title. AC This form must be completed in its entirety, see notes below. AC , Bill of Sale. The seller completes the “Bill of Sale,” which is FAA Form , available for download on FAA’s web site, or from AOPA (/), most FAA FSDO. Aircraft Bill of Sale (AC Form ) ยท Sample Aircraft Purchase/Sales A Standard Airworthiness Certificate (FAA Form ) remains current as long as.

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Whether you are purchasing your first aircraft or the latest in a succession of aircraft, as an aircraft buyer you need to proceed with caution.

What types of problems can happen? The FAA has some requirements for backup documentation which also need to be complied with in a sale. The information should not be relied upon as fform to help you with your specific issue. Reigel Serving clients throughout the U. Documents that are digitally signed and meet the five requirements above will be considered facially valid and will be acceptable for review and consideration by the Registry for recordation and registration purposes.

Digital Signatures NOW Accepted by the FAA Registry!

An aviation attorney will be familiar with the filing and recording requirements of the FAA and will make sure that the bill of sale and aircraft registration application are completed accurately, properly and filed in a timely manner. Reigel-Aero Legal Services Present. The seller may not necessarily intend for the aircraft buyer not to take title to the aircraft.

Look up the FAA registration on-line. SCCutler taa, Sep 24, Those blocks are “Seller” “Signature” and “Title. Going forward, the FAA Registry will make available a downloadable Aircraft Registration Application AC Form that applicants may either sign using a legible digital signature or ink.

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The FAA isnt doing anything special in terms of how the bill of sale is filled out and signed, but it is widely misunderstood, as are a lot if things involving the formalities of corporations, LLCs, and trusts. Ted DuPuis Trustee – my signature – Trustee. ChemGuyApr 8, These documents include, but are not limited to the following:.

You must log in or sign up to reply here. The answers I got may be helpful to others, so I thought I would post them. Additionally, for the most part, all interests in aircraft, whether a security interest, lien, mortgage or judgment, must also be recorded with the FAA Registry in Oklahoma City in order to be valid and the first recorded interest usually has priority over interests recorded at a later date.

Digital Signatures NOW Accepted by the FAA Registry! | Business Air

One such situation occurs when the bill of sale contains errors. Whatever the cause, in the past, the closing could not occur until the originally signed documents were in place in Oklahoma City, ready to be filed with the Federal Aviation Administration FAA Civil Aircraft Registry.

These documents include, but are not limited to the following: Feb 27, Messages: This change fwa a great step forward. To answer these questions, first we need 850-2 discuss what the FAA requires for an aircraft purchase transaction.

Denton, TX Display Name: Although this may seem like added cost in the short term, in the long run these steps can save you the large expense, and possible loss of your aircraft, that can result from title defects or third-party claims against your aircraft.

Lincoln, NE Display Name: Potential errors can include when the person signing the bill of sale does not have authority to sign on behalf of the corporation or limited liability company that owns the aircraft, when the aircraft is incorrectly identified on fa bill of sale or when the person signing the bill of sale does not have capacity e.

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The bottom line is that you as an aircraft buyer need to proceed with caution and perform due diligence when purchasing an aircraft. ClarkSep 24, The aircraft title insurer will ensure your documentation is accurate and filed in a timely manner and it will also perform the same types of title and name searches an aviation attorney would perform on your behalf.

Unrecorded, possessory liens make a strong case against purchasing an aircraft sight unseen without confirming the location of the aircraft and lack of claims by the party in possession if other than the aircraft seller. StewartbApr 8, Tel Email: Do I really own the aircraft?

In this situation, the bill of sale may be valid and convey title to the aircraft to the aircraft buyer, but that aircraft may be subject to the interests of some other third-party. In short, I was very pleased with the encounter, which is how I’ve felt about most of my encounters with individual FAA employees over my aviation rorm.

8050-2 Clarification

Finally, we will address some of the steps an aircraft buyer can take to ensure that he or she will be the legitimate and undisputed owner of the aircraft being purchased. Ted DuPuisApr 8, Well, one answer is to hire an aviation attorney to assist you with the transaction. Each case is unique and must be analyzed by an attorney licensed to practice in your area with respect to the particular fotm and applicable current law before any advice can be given.