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The Aircraft Bill of Sale AC 8050-2 form serves as a crucial document in the transfer of ownership for aircraft in the United States. This standardized form is used to record the sale and transfer of an aircraft from one party to another, ensuring that all relevant details are documented clearly. It includes essential information such as the names and addresses of the buyer and seller, the aircraft's make, model, and serial number, as well as the sale price. By providing a written record of the transaction, the form helps establish legal ownership and can be critical for future transactions, financing, and registration with the Federal Aviation Administration (FAA). The completion of this form is not only a matter of legal compliance but also a safeguard for both parties involved, as it outlines the terms of the sale and protects their interests. Additionally, the form must be properly executed and may require notarization, adding an extra layer of authenticity to the transaction. Understanding the importance and requirements of the AC 8050-2 form is vital for anyone involved in the buying or selling of aircraft.

Aircraft Bill of Sale AC 8050-2 Preview

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)

Common mistakes

  1. Incomplete Information: Many individuals fail to provide all necessary details, such as the aircraft's serial number, model, and year of manufacture. Missing even one piece of information can lead to delays in processing the sale.

  2. Incorrect Signatures: Signatures must match the names listed on the form. If the seller's signature does not align with the name provided, it can invalidate the document.

  3. Notarization Issues: Some people overlook the requirement for notarization. Without a proper notarization, the bill of sale may not be accepted by the FAA or other authorities.

  4. Wrong Date: Entering an incorrect date can cause confusion. Ensure the date of the sale is accurate to avoid any potential disputes later on.

  5. Failure to Retain Copies: After submitting the form, it is crucial to keep a copy for personal records. Not retaining a copy can lead to issues if proof of sale is needed in the future.

  6. Ignoring State-Specific Requirements: Each state may have additional requirements for aircraft sales. Failing to check local regulations can result in complications.

  7. Misunderstanding the Purpose: Some individuals fill out the form without understanding its significance. It serves as a legal document to transfer ownership, and accuracy is vital.

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Dos and Don'ts

When filling out the Aircraft Bill of Sale AC 8050-2 form, it's important to ensure accuracy and completeness. Here are some key dos and don'ts to keep in mind:

  • Do double-check all information for accuracy before submitting the form.
  • Do ensure that all parties involved sign the document where required.
  • Do provide clear and legible information to avoid any misunderstandings.
  • Do keep a copy of the completed form for your records.
  • Don't leave any fields blank; fill in all required sections.
  • Don't use correction fluid or tape to fix mistakes; instead, cross out the error and initial it.
  • Don't forget to include the date of the sale; it’s crucial for record-keeping.

Misconceptions

The Aircraft Bill of Sale AC 8050-2 form is essential for the transfer of ownership of an aircraft. However, several misconceptions surround its use. Here are six common misunderstandings:

  1. It is only needed for new aircraft.

    This form is required for both new and used aircraft. Any transfer of ownership necessitates proper documentation, regardless of the aircraft's age.

  2. Only the seller needs to sign the form.

    Both the buyer and the seller must sign the Aircraft Bill of Sale. This ensures that both parties agree to the terms of the sale and acknowledge the transfer of ownership.

  3. Filing the form is optional.

    Filing the AC 8050-2 is not optional if you want to register the aircraft with the FAA. Proper filing is crucial to establish legal ownership.

  4. It can be completed in any format.

    The form must be completed using the official AC 8050-2 format. Deviating from this format can lead to complications in the registration process.

  5. It does not require any supporting documents.

    While the form itself is critical, it may need to be accompanied by other documents, such as a lien release or previous registration information, depending on the circumstances of the sale.

  6. Once filed, the form cannot be amended.

    Amendments can be made if necessary. However, it is essential to follow the proper procedures for making any changes to ensure they are legally recognized.

Understanding these misconceptions can help ensure a smooth aircraft ownership transfer process.

Detailed Guide for Using Aircraft Bill of Sale AC 8050-2

After you have gathered all necessary information about the aircraft and the parties involved in the sale, you are ready to fill out the Aircraft Bill of Sale AC 8050-2 form. This form is essential for documenting the transfer of ownership of an aircraft. Follow these steps to complete the form accurately.

  1. Obtain the Aircraft Bill of Sale AC 8050-2 form. You can find it on the FAA website or at your local FAA office.
  2. Enter the name and address of the seller in the designated fields. Make sure the information is clear and legible.
  3. Provide the name and address of the buyer. Double-check for accuracy to avoid any issues later.
  4. Fill in the aircraft's details, including the make, model, year of manufacture, and the aircraft's registration number.
  5. Specify the purchase price of the aircraft. This should reflect the agreed-upon amount between the seller and buyer.
  6. Indicate the date of the sale. This is typically the date when the buyer takes possession of the aircraft.
  7. Both the seller and buyer must sign the form. Signatures should be original; electronic signatures are not acceptable.
  8. Include printed names below the signatures to ensure clarity regarding who signed the document.
  9. If applicable, have the form notarized. This step can add an extra layer of authenticity to the transaction.
  10. Keep a copy of the completed form for your records. The buyer should also retain a copy for their files.

Once you have completed the form, it is important to submit it to the FAA along with any required fees and additional documents, if necessary. This will finalize the ownership transfer and ensure that the aircraft is registered under the new owner's name.