Recording of Aircraft Conveyances and Security Documents

ICR 202007-2120-002

OMB: 2120-0043

Federal Form Document

Forms and Documents
Document
Name
Status
Form
Modified
Supporting Statement A
2020-09-08
Supplementary Document
2020-07-10
Supplementary Document
2020-07-10
IC Document Collections
ICR Details
2120-0043 202007-2120-002
Received in OIRA 201812-2120-002
DOT/FAA
Recording of Aircraft Conveyances and Security Documents
Extension without change of a currently approved collection   No
Regular 11/13/2020
  Requested Previously Approved
36 Months From Approved 01/31/2021
22,370 23,681
22,370 23,681
0 0

When an aircraft owner satisfies their debt, regulations mandate that the lien holder report the satisfaction of the lien to the Civil Aviation Registry, Aircraft Registration Branch (Registry). The lien holder completes Part II - Release at the bottom of the AC Form 8050-41, Notice of Recordation, with a date and signature to signify release of the debt. The lien holder sends the form to the Registry so that the interest in the aircraft shows released. The lien holder may submit the same information without using the form, if desired.

US Code: 49 USC 44108 Name of Law: Validity of conveyances, leases, and security
  
None

Not associated with rulemaking

  85 FR 22784 04/23/2020
85 FR 71987 11/12/2020
No

1
IC Title Form No. Form Name
Recording of Aircraft Conveyances and Security Documents AC Form 8050-41 Notice of Recordation

  Total Request Previously Approved Change Due to New Statute Change Due to Agency Discretion Change Due to Adjustment in Estimate Change Due to Potential Violation of the PRA
Annual Number of Responses 22,370 23,681 0 0 -1,311 0
Annual Time Burden (Hours) 22,370 23,681 0 0 -1,311 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
The burden is based on customer submissions which fluctuates up or down from year to year. The decrease in the reporting burden is due to a decrease in the number of respondents submitting releases of encumbrances for FY19 over the FY data used for the previous renewal submission. The adjustment reflects a decrease in elective activity by the public, not a change in a government requirement. The time per response was adjusted from 55 minutes to an hour to reflect a better estimate of time needed to apply for a loan.

$807,620
No
    No
    No
No
No
No
No
Bonnie Lefko 405 954-7461 bonnie.lefko@faa.gov

  No

On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
 
 
 
 
 
 
 
    (i) Why the information is being collected;
    (ii) Use of information;
    (iii) Burden estimate;
    (iv) Nature of response (voluntary, required for a benefit, or mandatory);
    (v) Nature and extent of confidentiality; and
    (vi) Need to display currently valid OMB control number;
 
 
 
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.
11/13/2020


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