The Aircraft Bill of Sale AC 8050-2 form is a legal document used to convey ownership of an aircraft from one party to another. This form is crucial in ensuring that the transfer of ownership is documented properly and recognized by the Federal Aviation Administration (FAA). Understanding how to accurately complete this form can simplify the buying and selling process for aircraft owners.
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The Aircraft Bill of Sale AC 8050-2 form serves as a crucial document in the transfer of ownership for aircraft in the United States, ensuring that both buyers and sellers are protected and have a clear record of the transaction. This form includes essential details such as the make, model, and serial number of the aircraft, which helps in identifying the specific aircraft being sold. Both the seller and purchaser are required to provide their names, addresses, and signatures, thus legitimizing the agreement. Additionally, the form must be notarized to verify the identities of the parties involved and to ensure that the transaction complies with regulatory standards. By filing this form with the Federal Aviation Administration (FAA), the new owner registers their claim to the aircraft, ultimately facilitating a transparent and legally binding transfer within the aviation community. Accurate completion of the AC 8050-2 form minimizes disputes and reinforces the integrity of aircraft ownership records, making it an indispensable tool for any aircraft transaction.
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.
Once you have acquired the Aircraft Bill of Sale AC 8050-2 form, you are ready to complete it. Filling out this form is a straightforward process that helps document the transfer of ownership for an aircraft. Carefully following each step will ensure that all necessary information is captured. Here’s how to fill out the form:
After filling out the form, consider making copies for your records. Once completed and signed, you can submit the Aircraft Bill of Sale to the appropriate authorities for recording the ownership change.
The Aircraft Bill of Sale AC 8050-2 form is a legal document used in the United States to transfer ownership of an aircraft. This form acts as proof of the transaction between the seller and the buyer, documenting important details about the aircraft and the parties involved.
Anyone who is buying or selling an aircraft in the U.S. should use the AC 8050-2 form. This includes private individuals, corporations, and other entities. It is a standard part of the process to formalize the ownership change.
The form requires several key pieces of information, including:
The AC 8050-2 form itself does not have a filing fee when submitted to the FAA. However, there may be other associated costs, such as registration fees for the aircraft or costs related to obtaining a title search.
Yes, both the seller and the buyer must sign the AC 8050-2 form. Their signatures indicate agreement to the terms of the sale and confirm the transfer of ownership.
The completed AC 8050-2 form should be submitted to the Federal Aviation Administration (FAA). It can be mailed to the appropriate address listed on the FAA’s website. Consider keeping a copy for your records as well.
Yes, the AC 8050-2 form can be utilized for various types of aircraft, including airplanes and helicopters. The important factor is that the aircraft is registered in the United States and can be transferred through this form.
The AC 8050-2 form serves as a primary document for ownership transfer; however, it may not be enough for clearing all title issues. It is recommended to perform a title search to ensure there are no liens or claims against the aircraft.
The AC 8050-2 form can be filled out electronically, however, it must be printed and signed by both parties before submission. Digital signatures are not accepted. Ensure that all information is accurate and complete before finalizing the physical document.
If you lose your copy of the AC 8050-2 form, it is advisable to contact the party you completed the transaction with to request a duplicate. You can also check with the FAA for information related to the aircraft registration and may need to complete another bill of sale if necessary.
When completing the Aircraft Bill of Sale AC 8050-2 form, small errors can lead to significant issues down the line. One common mistake is failing to include all necessary signatures. Both the seller and buyer must sign the document. If one party neglects to do so, it could invalidate the sale or complicate future transfers.
Another frequent error is incomplete information in the aircraft description. The form requires specific details about the airplane, including the make, model, and serial number. Missing even one piece of information can create confusion and potential legal disputes over ownership.
People often overlook the date on which the sale took place. Clearly stating this date is crucial for determining the timeline of ownership and any associated responsibilities. An incorrect date might lead to complications with registrations or liabilities.
Incorrect or missing addresses can also create problems. Both the buyer and seller must provide their current addresses. Failing to do so may lead to issues with future communication or notification related to the aircraft.
Many individuals do not verify the title status before completing the form. It’s essential for sellers to ensure the aircraft title is clear of any liens or encumbrances. Ignorance of existing claims could result in the buyer being liable for debts attached to the aircraft.
Another common mistake involves not keeping copies of the completed form. After the transaction, both parties should retain copies for their records. This documentation is vital for future reference and potential legal verification.
Some people fail to double-check for typographical errors. A simple misspelling of a name or detail can complicate ownership claims and official registrations. Paying careful attention to accuracy is essential.
Inconsistency in the identified parties is also an issue. Sometimes, the names recorded in the bill of sale do not match other documentation, such as registration records. This inconsistency can cause problems during regulatory inspections or transfers.
Additionally, not providing the proper payment details is a mistake that can jeopardize the transaction. Indicating how and when payment will be made is crucial for both parties to have clarity and to avoid potential disputes.
Finally, people often ignore the implications of the notarization requirements. While notarization is not always necessary, understanding when it is required is important. Certain states or circumstances may necessitate notarized signatures to ensure authenticity and prevent fraud.
The Aircraft Bill of Sale AC 8050-2 form is a crucial document used in the transfer of ownership of an aircraft. However, several other forms and documents are often needed to facilitate a smooth transaction. This list provides an overview of such documents.
These documents work together with the Aircraft Bill of Sale to ensure that the transaction is comprehensive and legally compliant. Each plays a specific role, helping to safeguard the interests of buyers and sellers alike.
When filling out the Aircraft Bill of Sale AC 8050-2 form, it is crucial to approach the task with care and attention to detail. Follow these guidelines to ensure a smooth process, while watching out for common pitfalls.
The Aircraft Bill of Sale AC 8050-2 form is an essential document for anyone involved in buying or selling an aircraft. However, several misconceptions exist surrounding its use and significance. Here are eight common misunderstandings:
Understanding these misconceptions helps ensure a smoother aircraft transaction process. Being informed can make the buying or selling experience much more manageable.
Understanding the Aircraft Bill of Sale AC 8050-2 form is crucial for anyone involved in the transfer of ownership of an aircraft. Here are some key takeaways to keep in mind:
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