Iowa Aircraft Affidavit
Description
How to fill out Aircraft Affidavit?
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FAQ
Bill of Sale. The seller completes the "Bill of Sale," which is FAA Form 8050-2, available for download on FAA's web site, or from AOPA (800/872-2672), most FAA FSDO offices, or a dealer at your nearest airport). The Bill of Sale must be filled out in duplicate (two originals).
The complete, signed agreement of the parties (such as is contained in the security agreement) should be submitted to the FAA Aircraft Registry for recording. Promissory notes, financing statements, and disclosure statements are not appropriate documents to reflect the agreement of the parties, and are not recordable.
We'll start on familiar ground, with the mnemonic AROW. The letters stand for the documents that must be carried aboard an airplane. They are an airworthiness certificate, registration certificate, operating limitations, and weight and balance information.
Occurrences Requiring Notification. An aircraft accident or any of the following listed incidents occur: Flight control system malfunction or failure. Inability of any required flight crew member to perform their normal flight duties as a result of injury or illness.
To register an aircraft, complete the aircraft registration form (PDF) and return it, with payment, to the Iowa DOT's Aviation Bureau. Upon receipt and approval of an application, an Aircraft Registration Certificate will be issued. Owners of airworthy aircraft will then receive annual renewal notices.
When you perfect a lien, the amount you are owed is secured by the aircraft, and your lien has first priority against others who later might claim an interest in the air- craft. To perfect an aircraft mechanic's lien on an aircraft, you file your notice of lien with the FAA Registry.
Registering Your Aircraft an Aircraft Registration Application, AC Form 8050-1. evidence of ownership (such as one or more bills of sale) the $5.00 registration fee made payable to the Federal Aviation Administration.
To Release a Recorded Lien The Conveyance Recordation Notice, AC Form 8050-41, may be used as a release if the secured party signs below the release statement and returns the form to the Aircraft Registration Branch.