The Aircraft Bill of Sale AC 8050-2 form plays a pivotal role in the process of buying and selling aircraft within the United States. It serves as a legally binding document that records the transaction details between the seller and the buyer, ensuring the transfer of ownership is recognized by the Federal Aviation Administration (FAA). This documentation is essential for the registration of the aircraft under the new owner's name.
When navigating the complexities of buying or selling an aircraft in the United States, one key document stands at the forefront: the Aircraft Bill of Sale, officially known as AC 8050-2. This form is not just a receipt; it is a legally binding document that plays a critical role in the transaction process. It serves to officially transfer ownership from the seller to the buyer, ensuring all details of the transaction are clearly outlined and agreed upon. The significance of the AC 8050-2 extends beyond mere documentation. It is a necessary step for the registration of the aircraft under the new owner’s name with the Federal Aviation Administration (FAA), a requirement that reinforces the aircraft's legal status and operability within national airspace. Making sense of this form involves understanding the responsibilities it encapsulates, including providing proof of sale, securing interests of both parties involved, and navigating through the legal framework that governs aviation transactions. For anyone involved in the buying or selling of an aircraft, familiarizing oneself with the nuances and requirements of the Aircraft Bill of Sale AC 8050-2 is not just recommended; it's imperative for a smooth and legally compliant transition of ownership.
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 an aircraft transaction takes place, the form AC 8050-2, commonly known as the Aircraft Bill of Sale, must be accurately filled out and submitted to ensure the legal transfer of ownership. This document is essential for both buyer and seller as it officially records the sale, providing proof of the change in ownership. To correctly complete this form, follow these steps to ensure a smooth and compliant transaction process.
After correctly filling out the AC 8050-2 form, it should be submitted to the appropriate aviation authority office to process the sale and update the aircraft's registration. It is advisable to keep a copy of the completed form for personal records, as it serves as a legal document proving the sale and transfer of ownership of the aircraft.
What is an Aircraft Bill of Sale AC 8050-2 form?
The Aircraft Bill of Sale AC 8050-2 form is a document issued by the Federal Aviation Administration (FAA) that records the sale and purchase of an aircraft. It provides proof of ownership change and is a necessary document for the registration of the aircraft under the new owner's name.
Why do I need an Aircraft Bill of Sale AC 8050-2 form?
This form is required to legally document the transfer of ownership of an aircraft. It is essential for the buyer to register the aircraft with the FAA in their name. Without it, the new owner cannot prove ownership or register the aircraft, which is required for legal operation.
Where can I obtain an Aircraft Bill of Sale AC 8050-2 form?
The form can be downloaded directly from the FAA's official website. It is available in PDF format for easy printing and completion. Alternatively, local FAA offices may provide the form upon request.
How do I fill out the Aircraft Bill of Sale AC 8050-2 form?
The form requires specific information about the sale, including details of the buyer and seller, aircraft make, model, serial number, and registration number. Both the buyer and seller must sign and date the form. All information provided must be accurate and match the FAA's records for the aircraft.
Is there a fee to file the Aircraft Bill of Sale with the FAA?
Yes, there is a processing fee required when filing the form with the FAA. The exact fee amount can vary, so it's recommended to check the latest fee schedule on the FAA's website or contact them directly for the most current information.
Can the Aircraft Bill of Sale AC 8050-2 form be submitted electronically?
As of the last update, the FAA requires the original signed Aircraft Bill of Sale to be mailed to their office for processing. Electronic submissions are not accepted. Make sure to check the FAA’s current submission requirements in case of changes.
What should I do if information is incorrect on the form?
If information on the form is filled out incorrectly, it should be corrected before submission to avoid delays in processing. If the form has already been submitted, you will need to contact the FAA directly to make amendments. They may require a corrected form to be submitted.
How long does it take to process the Aircraft Bill of Sale AC 8050-2 form?
The processing time can vary based on the volume of submissions the FAA is handling. Generally, it may take several weeks. It is advisable to submit the form well in advance of when you need the registration to be completed.
What happens after the form is processed?
After processing, the aircraft's ownership will be officially transferred to the buyer's name in the FAA's records. The buyer will then receive a new registration certificate reflecting their ownership. This certificate is required for the legal operation of the aircraft.
Who should keep a copy of the Aircraft Bill of Sale AC 8050-2 form?
Both the buyer and seller should keep a copy of the completed form for their records. It is an important legal document that can serve as proof of the sale and ownership transfer of the aircraft.
When it comes to the sale of an aircraft, the Aircraft Bill of Sale AC 8050-2 form is a vital document needed for the proper transfer of ownership. However, people often make mistakes when filling out this form. Identifying and avoiding these errors can streamline the process, ensuring a smooth transfer of ownership. Here are five common mistakes:
Not double-checking the accuracy of information: Ensuring that all details, including the names of the buyer and seller, aircraft make, model, and serial number, are accurately entered is crucial. Typos or incorrect information can invalidate the document or cause delays.
Omitting signatures or dates: Both the buyer's and seller's signatures, along with the date of the sale, are essential for the form's validity. Missing signatures or forgetting to date the document can lead to complications in establishing the legitimacy of the transaction.
Ignoring the need for witness or notary endorsements: Depending on the jurisdiction, a witness or notary endorsement may be required for the form to be considered legally binding. Overlooking this step can result in the need for re-submission, delaying the sale completion.
Failure to report the sale price accurately: Underreporting or failing to specify the sale price can raise red flags with regulatory authorities. This may lead to unnecessary scrutiny or legal challenges. It's important to clearly and accurately state the sale price on the form.
Lack of familiarity with attachment requirements: Sometimes, additional documentation is necessary to support the sale, such as proof of ownership or airworthiness certificates. Not attaching the required documents can prevent the form from being processed, stalling the ownership transfer.
By paying attention to these details, sellers and buyers can ensure that the Aircraft Bill of Sale AC 8050-2 is filled out correctly, facilitating a smoother transaction and transfer of ownership for both parties.
The process of buying or selling an aircraft in the United States involves a fair amount of paperwork to ensure the transaction complies with federal regulations and to properly record the change of ownership. The Aircraft Bill of Sale AC 8050-2 form is a critical document in this process, serving as the official record of sale and transfer of ownership from the seller to the buyer. However, this form is rarely submitted by itself. Several other forms and documents are often required to complete the transaction and comply with the legal and regulatory requirements. Here are five such documents that frequently accompany the AC 8050-2 form.
Navigating the paperwork required for the sale or purchase of an aircraft can be a complex undertaking. Each document plays a vital role in ensuring the legality of the transaction, the aircraft's eligibility for registration, and compliance with regulatory requirements. Being familiar with these forms and documents, and understanding how they interplay with the Aircraft Bill of Sale AC 8050-2, is essential for a smooth and compliant aircraft transfer process.
The Aircraft Bill of Sale AC 8050-2 form is a specialized document employed in the aviation industry to record the sale and transfer of an aircraft from one party to another. There are several other documents across various fields that serve a similar purpose or function in their respective contexts. Here are ten documents similar to the Aircraft Bill of Sale AC 8050-2 form:
Overall, while each of these documents pertains to different types of assets—from tangible goods such as boats and cars to intangible assets like intellectual property—they all share the common function of documenting the transfer of ownership and detailing the terms of the transaction, akin to the role of the Aircraft Bill of Sale AC 8050-2 form.
Navigating through the process of transferring aircraft ownership demands attention to detail, especially when filling out the Aircraft Bill of Sale AC 8050-2 form. Acknowledging the steps to properly complete this form can ensure a smoother transaction between the seller and buyer. Below are essential guidelines to consider:
Do:
Don't:
When it comes to transferring ownership of an aircraft in the United States, the Aircraft Bill of Sale AC 8050-2 form is a critical document. However, there are several misconceptions about this form that can lead to confusion. Clarifying these misconceptions is essential for a smooth transaction process.
It's a common belief that the Aircraft Bill of Sale AC 8050-2 form is the only document needed to complete the sale of an aircraft. However, this form is just one part of the documentation required by the Federal Aviation Administration (FAA). Additional documents, such as registration application and evidence of ownership, are also necessary for the transfer process.
Another misconception is that this form can be submitted electronically to the FAA. Currently, the Aircraft Bill of Sale must be mailed to the FAA Aircraft Registration Branch. The process does not accommodate electronic submissions, emphasizing the importance of ensuring the form's accuracy and completeness before mailing.
Modifying the AC 8050-2 form is a mistake that can lead to the rejection of your submission. Erasures, whiteouts, or alterations on the form may result in the FAA requesting a new, unaltered form. It's critical to fill out the form carefully and accurately the first time to avoid delays in the sale process.
Many believe that both the buyer and seller must sign the Aircraft Bill of Sale. However, only the seller's signature is required on the AC 8050-2 form. The buyer's information should be included on the form, but their signature is not necessary for the form to be valid.
Some parties might think the Aircraft Bill of Sale also outlines the warranties and agreements between the buyer and seller. This form is strictly a document to evidence the change of ownership and does not detail the terms of sale, warranties, or other agreements. These should be outlined in a separate purchase agreement.
Understanding the specific requirements and limitations of the Aircraft Bill of Sale AC 8050-2 form is crucial for anyone involved in buying or selling an aircraft. By dispelling these misconceptions, both parties can ensure a smoother and more informed transfer process.
When you're navigating the process of transferring ownership of an aircraft, using the Aircraft Bill of Sale AC 8050-2 form is a critical step. Here are several key takeaways to ensure that this process is smooth, compliant, and legally sound:
By paying close attention to these key points, both sellers and buyers can navigate the sale and transfer of an aircraft with confidence, knowing that they are complying with all necessary legal steps and protecting their interests throughout the transaction.
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