The Harris Texas Certificate of Repossession of Encumbered Aircraft is a legal document that pertains to the repossession of aircraft that are encumbered by a lien or some other form of financial obligation. This certificate serves as proof that the aircraft has been lawfully repossessed by the creditor or lender. Keywords: Harris Texas, certificate of repossession, encumbered aircraft, legal document, lien, financial obligation, proof, creditor, lender. There are different types of Harris Texas Certificate of Repossession of Encumbered Aircraft, depending on the specific circumstances or requirements. Some of them include: 1. Judicial Repossession Certificate: This type of certificate is issued when the repossession process involves the intervention of a court or a formal legal proceeding. It signifies that a judge has granted the creditor or lender the right to take possession of the aircraft due to an outstanding debt or default. 2. Voluntary Repossession Certificate: This certificate is used when the aircraft owner willingly surrenders the possession of the encumbered aircraft to the creditor or lender. It confirms that the repossession was conducted with the agreement and cooperation of both parties involved. 3. Involuntary Repossession Certificate: This certificate is issued when the repossession of the encumbered aircraft occurs without the consent of the owner. It typically takes place when the owner defaults on the loan or fails to fulfill the financial obligations, leading the creditor or lender to exercise their right to repossess the aircraft. 4. Aircraft Redemption Certificate: This certificate is issued when the owner of the encumbered aircraft successfully resolves the outstanding debt or financial obligations, reclaiming ownership of the aircraft. It serves as proof of the redemption process and signifies that the aircraft is no longer subject to repossession. 5. Notice of Repossession Certificate: This type of certificate is issued to inform the relevant parties, such as the owner, any co-signers, or the Federal Aviation Administration (FAA), about the repossession of the aircraft. It provides essential details, including the date, time, and location of the repossession, as well as the reasons behind it. Overall, the Harris Texas Certificate of Repossession of Encumbered Aircraft is a crucial legal document that establishes the rightful repossession of an aircraft due to financial obligations or default. These various types of certificates further classify the repossession process, catering to different scenarios and legal requirements.
Harris Texas Certificate of Repossession of Encumbered Aircraft
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FAQ
You must send the original claim of lien with $5 (U.S. funds) to the Aircraft Registration Branch. The lien must comply with the requirements for recording claims of lien in the State having jurisdiction over the claim. Not all States record claims of liens.
Because aircraft do not have certificates of title (as vehicles do), some people believe an aircraft's registration certificate provides proof of ownership. This is not true, according to Kenneth Mayfield, vice president and general counsel of Aero Records & Title Company in Oklahoma City.
To Release a Recorded Lien A new Conveyance Recordation Notice form may be requested. Contact the Aircraft Registration Branch at 1 (866) 762-9434. You will need to describe the aircraft and the lien document sufficiently to identify the specific document needing release.
Deregistered aircraft simply means the aircraft was exported and the last registered owner reported it to the FAA that way.
To deregister (and export) an aircraft, a request in writing from the registered owner(s) is required. The request must include the complete description of the aircraft, registration marks, make, model, serial number.
Step 2. Filling Out the Bill of Sale Sale date. Buyer's name and postal address. Seller's name and postal address. Essential aircraft information such as its make, model, registration number, and serial number. Purchase price. Agreed delivery date. Deposit amount.
Aircraft don't have physical titles. The title really consists of a digital record found at the FAA Aircraft Registry. Powell has a desk at the FAA, and has for a very very long time. We are linked to the FAA's system and view records this way.
To register an aircraft send the following to the Aircraft Registration Branch: 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.