The Aircraft Bill of Sale AC 8050-2 form is a crucial document used in the transfer of ownership for aircraft in the United States. This form serves as proof of the sale and includes essential details about the aircraft and the parties involved. Understanding how to properly complete this form is vital for ensuring a smooth transaction process.
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When filling out and using the Aircraft Bill of Sale AC 8050-2 form, it is essential to understand several key aspects to ensure the process is smooth and compliant. Below are some important takeaways:
OMB Control No. 2120-0042
Exp. 03/31/2024
PRA Public Burden Statement: A federal agency may not conduct or sponsor, and a person is not required to respond to, nor shall a person be subject to a penalty for failure to comply with a collection of information subject to the requirements of the Paperwork Reduction Act unless that collection of information displays a currently valid OMB Control Number. The OMB Control Number for this information collection is 2120-0042. Public reporting for this collection of information is estimated to be approximately 30 minutes per response, including the time for reviewing instructions, searching existing data sources, gathering and maintaining the data needed, completing and reviewing the collection of information. All responses to this collection of information are required to show evidence of ownership to register an aircraft or hold an aircraft in trust in accordance with 14 CFR Part 47. Send comments regarding this burden estimate or any other aspect of this collection of information, including suggestions for reducing this burden to: Information Collection Clearance Officer, Federal Aviation Administration, 10101 Hillwood Parkway, Fort Worth, TX 76177-1524.
AIRCRAFT BILL OF SALE INFORMATION
PREPARATION: Prepare this form in duplicate. Except for signatures, all data should be type-
written 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 name of the individual owner or co-owners 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, OK 73125-0504.
AC Form 8050-2 (04/21)
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:
UNITED STATES
N
REGISTRATION NUMBER
AIRCRAFT MANUFACTURER & MODEL
AIRCRAFT SERIAL NO.
DOES THIS
DAY OF
,
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
HAND AND SEAL THIS
NAME(S) OF SELLER
SIGNATURE(S)
TITLE
(TYPED OR PRINTED)
(IN INK) (IF EXECUTED FOR
CO-OWNERSHIP, ALL MUST SIGN.)
SELLER
ACKNOWLEDGMENT (NOT REQUIRED FOR PURPOSES OF FAA RECORDING: HOWEVER, MAY BE REQUIRED BY LOCAL LAW FOR VALIDITY OF THE INSTRUMENT.)
ORIGINAL: TO FAA:
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 to 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 a 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 for 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 the services of a company or an attorney.
The Aircraft Bill of Sale AC 8050-2 form serves as a crucial document in the sale and transfer of aircraft ownership. Similar to the Vehicle Bill of Sale, this document outlines the details of the transaction, including the buyer and seller's information, the purchase price, and a description of the vehicle. Both forms aim to provide legal proof of ownership transfer, ensuring that the new owner can register the vehicle or aircraft with the appropriate authorities. Just as the Vehicle Bill of Sale is essential for automobiles, the AC 8050-2 is vital for aircraft transactions.
In the realm of vehicle transactions, having a specific form such as the California ATV Bill of Sale is crucial for ensuring a smooth transfer of ownership. This form not only captures pivotal information required for the sale but also provides legal reassurance for both buyers and sellers in case of any future disputes. To access a template that can assist in creating this essential document, you can visit https://templates-guide.com/california-atv-bill-of-sale-template/.
The Real Estate Deed is another document that shares similarities with the Aircraft Bill of Sale. Both serve to transfer ownership from one party to another, detailing the involved parties and the property being sold. A real estate deed must be signed and often notarized to validate the transaction. Similarly, the AC 8050-2 must be properly executed to ensure that the transfer of aircraft ownership is legally recognized. Both documents provide a formal record of the transaction, which can be crucial in future legal matters.
The Personal Property Bill of Sale also resembles the Aircraft Bill of Sale. This document is used to transfer ownership of personal items, such as furniture or electronics. Like the AC 8050-2, it includes information about the buyer and seller, a description of the item, and the sale price. Both documents serve as evidence of the transaction and can protect both parties in case of disputes. The simplicity and clarity of these forms help facilitate smooth transfers of ownership.
Once you have gathered all necessary information, you can proceed to fill out the Aircraft Bill of Sale AC 8050-2 form. This form is essential for transferring ownership of an aircraft. Completing it accurately ensures a smooth transaction.
When purchasing or selling an aircraft, several documents accompany the Aircraft Bill of Sale AC 8050-2 form. Each document serves a specific purpose and ensures a smooth transaction. Understanding these forms is crucial for both buyers and sellers.
Having these documents ready can streamline the buying or selling process. Each form plays a critical role in ensuring a transparent and legally sound transaction. Be proactive in gathering these documents to avoid delays and complications.
Incomplete Information: Failing to provide all required details can lead to delays. Ensure that every section is filled out completely, including the seller's and buyer's names, addresses, and the aircraft's details.
Incorrect Aircraft Details: Listing the wrong aircraft model or serial number can cause significant issues. Double-check these details against the aircraft's documentation to avoid mistakes.
Signatures Missing: Not signing the form can render it invalid. Both the seller and the buyer must sign the document, so be sure to check for signatures before submission.
Improper Notarization: Some transactions require notarization. If this step is necessary, ensure that it is completed correctly. A missing or incorrect notarization can lead to complications.
Failure to Date the Form: Omitting the date can create confusion regarding the transaction's timeline. Always include the date when the form is signed to maintain clarity.
Ignoring State-Specific Requirements: Different states may have unique requirements for aircraft sales. Research and comply with any additional regulations that may apply to your situation.
Not Keeping Copies: Failing to make copies of the completed form can be a mistake. Always retain a copy for your records, as it may be needed for future reference or legal purposes.
When filling out the Aircraft Bill of Sale AC 8050-2 form, attention to detail is crucial. This document serves as a legal record of the sale and transfer of ownership of an aircraft. Here are five important dos and don'ts to consider: