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Misconceptions

Many people have misunderstandings about the Aircraft Bill of Sale AC 8050-2 form. Here are four common misconceptions:

  • It is only necessary for large aircraft transactions. Many believe that the form is only needed for expensive or commercial aircraft. In reality, it is required for all transfers of ownership, regardless of the aircraft's size or value.
  • Only the seller needs to sign the form. Some think that only the seller's signature is necessary. However, both the buyer and the seller must sign the form to validate the transaction.
  • The form is only relevant in the U.S. Many assume that the Aircraft Bill of Sale is only important for transactions within the United States. In fact, it is recognized internationally and may be required for registering the aircraft in other countries.
  • Filing the form is optional. Some people believe that completing the form is a choice. However, it is essential for officially transferring ownership and protecting both parties in the transaction.

Understanding these points can help ensure a smooth and compliant aircraft ownership transfer process.

File Details

Fact Name Details
Purpose The Aircraft Bill of Sale AC 8050-2 form is used to transfer ownership of an aircraft from one party to another.
Filing Requirement This form must be filed with the Federal Aviation Administration (FAA) to officially record the transfer of ownership.
Signatures Both the seller and buyer must sign the form for it to be valid.
Notarization The signatures on the form do not require notarization, but it is recommended for added security.
Form Availability The AC 8050-2 form is available for download from the FAA's official website.
State-Specific Forms Some states may have additional requirements or forms. Check local laws for details.
Governing Law The transfer is governed by federal law, specifically Title 49 of the United States Code.
Aircraft Identification The form requires specific details about the aircraft, including its make, model, and serial number.
Fee Requirement There is no fee to file the AC 8050-2 form with the FAA.
Record Keeping Both parties should keep a copy of the completed form for their records after the transaction.

Key takeaways

Filling out and using the Aircraft Bill of Sale AC 8050-2 form is a critical step in the process of transferring ownership of an aircraft. Here are some key takeaways to consider:

  • The form must be completed accurately to ensure a smooth transfer of ownership.
  • All parties involved in the transaction should sign the form to validate the sale.
  • It is essential to include the correct aircraft details, including the make, model, and serial number.
  • Keep a copy of the completed form for your records, as it serves as proof of ownership transfer.

Dos and Don'ts

When filling out the Aircraft Bill of Sale AC 8050-2 form, it's important to follow certain guidelines. Here are four things you should and shouldn't do:

  • Do: Ensure all information is accurate and complete.
  • Do: Use clear and legible handwriting or type the information.
  • Don't: Leave any required fields blank.
  • Don't: Alter the form in any way, such as crossing out or erasing information.

Common mistakes

  1. Not providing complete information about the aircraft. Ensure that all details, including the make, model, and serial number, are accurate and fully filled out.

  2. Forgetting to include the correct date of sale. This date is crucial for legal purposes and should reflect the actual transaction date.

  3. Neglecting to sign the form. Both the seller and the buyer must sign the Aircraft Bill of Sale. Without signatures, the document is not valid.

  4. Using incorrect or outdated form versions. Always use the most current version of the AC 8050-2 form to avoid issues.

  5. Failing to provide accurate contact information. Both parties should include their current addresses and phone numbers for future reference.

  6. Overlooking the need for a notary. Depending on state requirements, notarization may be necessary for the document to be legally binding.

  7. Not keeping a copy of the completed form. Always retain a copy for your records after filling out the form.

  8. Confusing the buyer's and seller's information. Double-check that the names and addresses are correctly assigned to the right party.

  9. Ignoring state-specific requirements. Some states may have additional requirements for aircraft sales, so it’s important to check local regulations.

What You Should Know About This Form

  1. What is the Aircraft Bill of Sale AC 8050-2 form?

    The Aircraft Bill of Sale AC 8050-2 form is a legal document used in the United States to transfer ownership of an aircraft from one party to another. This form serves as proof of the transaction and includes essential details about the aircraft, such as its make, model, and serial number. It also identifies the buyer and seller, ensuring that both parties are recognized in the transfer process.

  2. Why is the AC 8050-2 form important?

    The AC 8050-2 form is crucial for several reasons. First, it provides a clear record of ownership, which is essential for registering the aircraft with the Federal Aviation Administration (FAA). Without this document, the new owner may face challenges in proving their legal claim to the aircraft. Additionally, the form helps to protect both the buyer and the seller by outlining the terms of the sale, thus minimizing the potential for disputes in the future.

  3. How do I fill out the AC 8050-2 form?

    Filling out the AC 8050-2 form requires careful attention to detail. Start by entering the aircraft's information, including the make, model, and serial number. Next, provide the names and addresses of both the buyer and the seller. It is also important to include the date of the sale and the purchase price. After completing the form, both parties should sign and date it to validate the transaction. Make sure to keep a copy for your records, as it may be needed for future reference.

  4. Where do I submit the AC 8050-2 form?

    Once the AC 8050-2 form is completed and signed, it should be submitted to the FAA for the purpose of registering the aircraft under the new owner's name. This can typically be done through the FAA's online registration system or by mailing the form to the appropriate FAA office. It is advisable to check the FAA's website for the latest submission guidelines and to ensure that all required fees are paid, as this will expedite the registration process.

Aircraft Bill of Sale AC 8050-2 Example

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

 

OMB Control No. 2120-0042

U.S. DEPARTMENT OF TRANSPORTATION FEDERAL AVIATION ADMINISTRATION

Exp. 03/31/2024

 

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

DAY OF

 

NAME(S) OF SELLER

SIGNATURE(S)

TITLE

 

(TYPED OR PRINTED)

 

(IN INK) (IF EXECUTED FOR

(TYPED OR PRINTED)

 

 

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:

AC Form 8050-2 (04/21)

OMB Control No. 2120-0042

Exp. 03/31/2024

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.

AC Form 8050-2 (04/21)

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