Aircraft Bill Of Sale
Aircraft Bill Of Sale Form. This is a Official Federal Forms form and can be use in Federal Aviation Administration (FAA).
Tags: Aircraft Bill Of Sale, FAA 8050-2, Official Federal Forms Federal Aviation Administration (FAA),
FORM APPROVED OMB NO. 2120-0042 Paperwork Reduction Act Statement: The information collected is used to register an aircraft or hold an aircraft in trust. The information is required to determine that aircraft are registered in accordance with the provisions of the Federal Aviation Regulations. We estimate that it will take .5 hour to complete. Use of this form is optional. Please note that an agency may not conduct or sponsor, and a person is not required to respond to, a collection of information unless it displays a currently valid OMB control number. OMB 2120-0042. Comments concerning the accuracy of this burden and suggestions for reducing the burden should be directed to the FAA at: 800 Independence Ave., SW, Washington, DC, 20591, attn: Information Collection Clearance Officer, AES-200. AIRCRAFT BILL OF SALE INFORMATION PREPARATION: Prepare this form in duplicate. Except for signatures, all data should be typewritten or printed. Signatures must be in ink. The name of the purchaser must be identical to the name of the applicant shown on the Aircraft Registration Application, AC Form 8050-1. When a trade name is shown as the purchaser or seller, the legal name of the individual owner or coowners must be shown along with the trade name. If the aircraft was not purchased from the last registered owner, conveyances must be submitted completing the chain of ownership from the last registered owner, through all intervening owners, to the applicant. REGISTRATION AND RECORDING FEES: The fee for issuing a certificate of aircraft registration is $5.00. An additional fee of $5.00 is required when a conditional sales contract is submitted in lieu of bill of sale as evidence of ownership along with the application for aircraft registration ($5.00 for the issuance of the certificate, and $5.00 for recording the lien evidenced by the contract). The fee for recording a conveyance is $5.00 for each eligible piece of collateral listed thereon. (There is no fee for issuing a certificate of aircraft registration to a governmental unit or for recording a bill of sale that accompanies an application for aircraft registration and the proper registration fee.) MAILING INSTRUCTIONS: If this form is used, please mail the original or copy which has been signed in ink to FAA Aircraft Registration Branch, P.O. Box 25504, Oklahoma City, Oklahoma 73125-0504. AC Form 8050-2 (1/09) (NSN 0052-00-629-0003) Supersedes Previous Edition American LegalNet, Inc. www.FormsWorkFlow.com PRIVACY ACT OF 1974 (PL 93-579) requires that users of this form be informed of the authority which allows the solicitation of the information and whether disclosure of such information is mandatory or voluntary; the principal purpose for which the information is intended to be used; the routine uses which may be made of the information gathered; and the effects, if any, of not providing all or any part of the requested information. Title 49 U.S.C. 44101 requires the registration of each United State civil aircraft as a prerequisite of its operation. The applicant for registration must submit evidence of ownership that meets the requirements prescribed in Part 47 of the Federal Aviation Regulations. This form identifies the aircraft being purchased, and provides space for purchaser and seller identification and signature. This is intended only to be suggested bill of sale form which meets the recording requirements of the Federal Aviation Act, and the regulations issued thereunder. In addition to these requirements, the form of bill of sale should be drafted in accordance with the pertinent provisions of local statutes and other applicable federal statutes. The following routine uses are made of the information gathered: (1) To support investigative efforts of investigation and law enforcement agencies of Federal, State, and foreign governments. (2) To serve as a repository of legal documents used by individuals and title search companies to determine the ownership of an aircraft for registration purposes. (3) To provide aircraft owners and operators information about potential mechanical defects or unsafe conditions of their aircraft in the form of airworthiness directives. (4) To provide supporting information in court cases. (5) To serve as a data source for management information of production of summary descriptive statistics and analytical studies in support of agency functions for which the records are collected and maintained. (6) To respond to general requests from the aviation community or the public for statistical information under the Freedom of Information Act or to locate specific individuals or specific aircraft for accident investigation, violation, or other safety related requirements. (7) To provide data for the automated aircraft registration master file. (8) To provide documents for development of the aircraft registration statistical system. (9) To prepare an aircraft register in electronic media as required by ICAO agreement containing information on aircraft owners by name, address, N-Number, and type aircraft, used for internal FAA safety program purposes and also available to the public (individuals, aviation organizations, direct mail advertisers, state and local governments, etc.) upon payment of applicable user charges reimbursing the Federal Government for its costs. (10) The aircraft records maintained by the FAA Aircraft Registry are public records and are open for inspection in room 122 of the Registry Building, Mike Monroney Aeronautical Center, 6425 S. Denning, Oklahoma City, Oklahoma 73169. Individuals interested in such information may make a personal search of the records or may avail themselves of a company or an attorney. AC Form 8050-2 (1/09) (NSN 0052-00-629-0003) Supersedes Previous Edition American LegalNet, Inc. www.FormsWorkFlow.com FORM APPROVED OMB NO. 2120-0042 UNITED STATES OF AMERICA U.S. DEPARTMENT OF TRANSPORTATION FEDERAL AVIATION ADMINISTRATION AIRCRAFT BILL OF SALE FOR AND IN CONSIDERATION OF $ THE UNDERSIGNED OWNER(S) OF THE FULL LEGAL AND BENEFICIAL TITLE OF THE AIRCRAFT DESCRIBED AS FOLLOWS: N UNITED STATES REGISTRATION NUMBER AIRCRAFT MANUFACTURER & MODEL AIRCRAFT SERIAL No. DAY OF , DOES THIS HEREBY SELL, GRANT, TRANSFER AND DELIVER ALL RIGHTS, TITLE, AND INTERESTS IN AND TO SUCH AIRCRAFT UNTO: Do Not Write In This Block FOR FAA USE ONLY NAME AND ADDRESS (IF INDIVIDUAL(S), GIVE LAST NAME, FIRST NAME, AND MIDDLE INITIAL.) DEALER CERTIFICATE NUMBER AND TO EXECUTORS, ADMINISTRATORS, AND ASSIGNS TO HAVE AND TO HOLD SINGULARLY THE SAID AIRCRAFT FOREVER, AND WARRANTS THE TITLE THEREOF: IN TESTIMONY WHEREOF HAVE SET NAME(S) OF SELLER (IN INK) (IF EXECUTED FOR CO-OWNERSHIP, ALL MUST SIGN. DAY OF TITLE (TYPED OR PRINTED) SELLER (TYPED OR PRINTED) HAND AND SEAL THIS SIGNATURE(S) ACKNOWLEDGMENT (NOT REQUIRED FOR PURPOSES OF FAA RECORDING: HOWEVER, MAY BE REQUIRED BY LOCAL LAW FOR VALIDITY OF THE INSTRUMENT.) ORIGINAL: TO FAA: AC Form 8050-2 (1/09) (NSN 0052-00-629-0003) Supersedes Previous Edition American LegalNet, Inc. www.FormsWorkFlow.com