The Aircraft Bill of Sale AC 8050-2 form is a legal document used to transfer ownership of an aircraft in the United States. This form serves as proof of sale and is essential for registering the aircraft with the Federal Aviation Administration (FAA). Understanding its components is crucial for both buyers and sellers in the aviation market.
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The Aircraft Bill of Sale AC 8050-2 form plays a crucial role in the ownership transfer of aircraft in the United States. This form provides an official record that documents the sale of an aircraft, ensuring that legal ownership is clearly established. By completing this form, both the seller and the buyer affirm their agreement to the terms of the sale, detailing essential information such as the aircraft's make, model, and serial number. Moreover, the form includes spaces for the names and addresses of both parties, as well as the sale price. Importantly, the Aircraft Bill of Sale is not just a mere formality; it is often required by the Federal Aviation Administration (FAA) for aircraft registration. Therefore, understanding how to properly fill out and submit the AC 8050-2 is essential for anyone involved in the buying or selling of aircraft to protect their interests and ensure compliance with federal regulations.
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.
Completing the Aircraft Bill of Sale AC 8050-2 form is a key step in the process of transferring ownership of an aircraft. Once you have filled it out correctly, you'll be ready to submit it to the Federal Aviation Administration (FAA) for official recording. Here’s how to efficiently fill out the form:
With the form completed, you can now move on to other necessary documentation or send the form to the FAA. Ensuring each part is filled out accurately will help streamline the process of the ownership transfer.
What is the Aircraft Bill of Sale AC 8050-2 form?
The Aircraft Bill of Sale AC 8050-2 form is an essential document used in the sale or transfer of ownership of an aircraft in the United States. This form provides legal proof of the transaction and includes important details such as the identification of the aircraft, the sale price, and the names and signatures of the buyer and seller. By completing this form, both parties acknowledge the transfer of ownership and establish clear legal rights regarding the aircraft.
Who needs to complete the Aircraft Bill of Sale AC 8050-2 form?
Any individual or entity involved in the sale or transfer of an aircraft must complete the Aircraft Bill of Sale AC 8050-2 form. This includes private owners, companies, and even government entities. Regardless of the size or type of aircraft—whether it's a small private plane or a larger commercial aircraft—this form is a critical part of the transaction process, serving to protect the interests of both the buyer and seller.
Are there any fees associated with submitting the Aircraft Bill of Sale AC 8050-2 form?
While there is no fee specifically for submitting the Aircraft Bill of Sale AC 8050-2 form itself, additional fees may arise depending on how the transaction is processed. For example, if you are registering the aircraft with the Federal Aviation Administration (FAA) after the sale, there will be a registration fee. It’s also wise to consider any state or local taxes related to the sale of the aircraft, which may vary considerably depending on location.
Is notarization required for the Aircraft Bill of Sale AC 8050-2 form?
No, notarization is not a requirement for the Aircraft Bill of Sale AC 8050-2 form. However, obtaining a notarized signature can provide an additional layer of security and authenticity to the transaction. This extra step may help prevent potential disputes about the validity of the sale in the future, making it a good practice for both buyers and sellers.
Can the Aircraft Bill of Sale AC 8050-2 form be used for any type of aircraft?
Yes, the Aircraft Bill of Sale AC 8050-2 form can be used for all types of aircraft. Whether you're dealing with a small single-engine plane, a helicopter, or a large jet, this form is designed to accommodate the sale of any type of aircraft registered within the United States. Just ensure that the necessary information, specific to the aircraft being sold, is accurately filled out in the form.
What happens after I complete the Aircraft Bill of Sale AC 8050-2 form?
After completing the Aircraft Bill of Sale AC 8050-2 form, both the buyer and seller should keep copies for their records. It is also advisable to file the form with the FAA, particularly if you wish to register the aircraft under the new owner's name. The FAA uses the information from this form to update its records, which helps establish the legal ownership of the aircraft. Be sure to follow any additional instructions provided by the FAA for a smooth registration process.
Filling out the Aircraft Bill of Sale, specifically the AC 8050-2 form, might seem like a straightforward task. However, many people make mistakes that can lead to complications later on. One common error is not completing all required fields. Each section on the form serves a purpose, and leaving out even one detail can delay the registration process or cause issues with ownership transfer.
Another frequent mistake involves incorrect identification of the seller or buyer. This information must match what's listed on official documents. If there are typos or discrepancies in names or addresses, it may raise red flags with the FAA. Accuracy is crucial here—taking the time to verify the details can save a lot of headaches down the line.
Many individuals also overlook the importance of signatures. It might seem minor, but failing to have both the seller and buyer sign the form can render it invalid. Make sure everyone involved signs in the appropriate spaces. This step is essential for ensuring that the transfer of ownership is recognized legally.
Lastly, people often forget to provide supporting documentation. This might include previous registrations or proof of lien releases. Not including these can stall the processing of the bill of sale and create unnecessary delays. Always check the guidelines to ensure that all necessary documents are attached.
The Aircraft Bill of Sale AC 8050-2 form is crucial for transferring ownership of an aircraft. However, several other documents often accompany this form to ensure a comprehensive and legally sound transaction. Below are some common forms and documents that may be required.
Ensuring that all necessary documentation is in order can prevent complications and facilitate a smooth transaction. Each document plays a role in safeguarding the interests of both the buyer and the seller, promoting transparency in the aircraft purchase process.
When filling out the Aircraft Bill of Sale AC 8050-2 form, it is important to follow specific guidelines to ensure accuracy and compliance. Here are seven essential dos and don'ts.
Things You Should Do:
Things You Shouldn't Do:
The Aircraft Bill of Sale AC 8050-2 form is essential for aircraft transactions, yet several misconceptions can lead to confusion among buyers and sellers. Below are nine common misunderstandings regarding this important document.
Understanding these misconceptions can help ensure that the buying or selling process of an aircraft is conducted smoothly and in compliance with FAA regulations.
Ensure all parties involved are clearly identified on the form, including full legal names and addresses.
Provide accurate details about the aircraft, such as the make, model, and serial number, to avoid future disputes.
The form must be signed by both the seller and the buyer for it to be valid; electronic signatures may be accepted based on local regulations.
Consider having a witness sign the document, as this can add an extra layer of validation to the transaction.
Keep a copy of the completed form for your records; it serves as proof of ownership transfer.
The Aircraft Bill of Sale must be submitted to the Federal Aviation Administration (FAA) for it to officially record the change in ownership.
Review any state-specific requirements that may apply in addition to federal regulations concerning aircraft sales.
Be aware of any potential tax implications related to the sale of the aircraft, and consult a tax professional if needed.
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