FAA Keeps Tabs on Plane Loans with Public Input
Published Date: 6/24/2025
Notice
Summary
The FAA wants to keep collecting info about aircraft security agreements to make sure ownership and loans are properly recorded and cleared. This affects anyone who owns or finances aircraft, engines, or parts. They’re asking for public feedback before renewing this paperwork, which helps keep things clear and official without adding extra costs or delays.
Analyzed Economic Effects
2 provisions identified: 1 benefits, 1 costs, 0 mixed.
You must file FAA aircraft lien forms
If you own or finance an aircraft, engine, propeller, or spare part location, a security holder must complete AC Form 8050-98 and return AC Form 8050-41 to the Civil Aviation Registry to record a security interest and to release that interest when the debt is satisfied. These specific forms are required as part of the FAA information collection the agency is renewing.
Keeps aircraft ownership and loans clear
The information collection is used to record security interests in aircraft and eligible engines, propellers, or spare part locations and to release those interests when debts are satisfied, which helps ensure ownership and financing records are properly recorded and cleared. The FAA is seeking renewal of this collection to continue that recording function.
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