Recording of Aircraft Conveyances and Security Documents

Forms and Documents

Document Name	Status
Form AC Form 8050-41 Recording of Aircraft Conveyances and Security Documents Form	Modified
2120-0043 Supporting Statement A - Final.docx Supporting Statement A	2020-09-08
SORN with 2 updates.pdf Supplementary Document	2020-07-10
14 CFR Part 49 1-1-02.pdf Supplementary Document	2020-07-10

IC Document Collections

IC ID	Document Title	Status
25547	Recording of Aircraft Conveyances and Security Documents Form	Modified

ICR Details

OMB Control No: 2120-0043	ICR Reference No: 202007-2120-002
Status: Received in OIRA	Previous ICR Reference No: 201812-2120-002
Agency/Subagency: DOT/FAA	Agency Tracking No:
Title: Recording of Aircraft Conveyances and Security Documents
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular	Date Submitted to OIRA: 11/13/2020

	Requested	Previously Approved
Expiration Date	36 Months From Approved	01/31/2021
Responses	22,370	23,681
Time Burden (Hours)	22,370	23,681
Cost Burden (Dollars)	0	0

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Abstract: 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.

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Authorizing Statute(s): US Code: 49 USC 44108 Name of Law: Validity of conveyances, leases, and security
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	85 FR 22784	04/23/2020
30-day Notice:	Federal Register Citation:	Citation Date:
	85 FR 71987	11/12/2020
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 1

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

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ICR Summary of Burden

	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

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: 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.

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Annual Cost to Federal Government: $807,620

Does this IC contain surveys, censuses, or employ statistical methods? No

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination.     No

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination.     No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? No

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Common Form ICR:  No

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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:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(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;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

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.

Certification Date: 11/13/2020

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