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Federal Aviation Administration, DOT

§ 49.53

or satisfaction of a conveyance named
in paragraph (a) or (b) of this section.

[Doc. No. 1996, 29 FR 6486, May 19, 1964, as
amended by Amdt. 49–5, 35 FR 802, Jan. 21,
1970; Amdt. 49–10, 70 FR 246, Jan. 3, 2005]

§ 49.43

Eligibility for recording: gen-

eral requirements.

A conveyance is eligible for recording

under this subpart only if, in addition
to the requirements of §§ 49.11, 49.13,
and 49.17, the following requirements
are met:

(a) It affects and describes an aircraft

engine or propeller to which this sub-
part applies, specifically identified by
make, model, horsepower, and manu-
facturer’s serial number; and

(b) It is accompanied by the record-

ing fee required by § 49.15, but there is
no fee for recording a conveyance
named in § 49.41(c).

§ 49.45

Recording of releases, cancella-

tions, discharges, and satisfactions:
special requirements.

(a) A release, cancellation, discharge,

or satisfaction of an encumbrance cre-
ated by an instrument recorded under
this subpart must be in a form equiva-
lent to AC Form 8050–41 and contain a
description of the encumbrance, the re-
cording information furnished to the
holder at the time of recording, and the
collateral released.

(b) If more than one engine or pro-

peller, or both, are listed in an instru-
ment, recorded under this subpart, that
created an encumbrance thereon and
all of them are released, they need not
be listed by serial number, but the re-
lease, cancellation, discharge, or satis-
faction must state that all of the en-
cumbered engines or propellers are re-
leased. The original recorded document
must be clearly identified by the
names of the parties, the date of FAA
recording, and the document date.

[Doc. No. 1996, 29 FR 6486, May 19, 1964, as
amended by Amdt. 49–7, 37 FR 25487, Dec. 1,
1972]

Subpart E—Encumbrances Against

Air Carrier Aircraft Engines,
Propellers, Appliances, and
Spare Parts

§ 49.51

Applicability.

This subpart applies to the recording

of the following kinds of conveyances:

(a) Any lease, a notice of tax lien or

other lien (except a notice of Federal
tax lien referred to in § 49.17 (a), and
any mortgage, equipment trust, con-
tract of conditional sale, or other in-
strument executed for security pur-
poses, which affects title to, or any in-
terest in, any aircraft engine, pro-
peller, or appliance maintained by or
on behalf of an air carrier certificated
under 49 U.S.C. 44705 for installation or
use in aircraft, aircraft engines, or pro-
pellers, or any spare parts, maintained
at a designated location or locations by
or on behalf of such an air carrier.

(b) An assignment or amendment of,

or supplement to, an instrument
named in paragraph (a) of this section.

or satisfaction of a conveyance named
in paragraph (a) or (b) of this section.

[Doc. No. 1996, 29 FR 6486, May 19, 1964, as
amended by Amdt. 49–5, 35 FR 802, Jan. 21,
1970; Amdt. 49–10, 70 FR 246, Jan. 3, 2005]

§ 49.53

Eligibility for recording: gen-

eral requirements.

(a) A conveyance is eligible for re-

cording under this subpart only if, in
addition to the requirements of §§ 49.11,
49.13, and 49.17, the following require-
ments are met:

(1) It affects any aircraft engine, pro-

peller, appliance, or spare part, main-
tained by or on behalf of an air carrier
certificated under 49 U.S.C. 44705;

(2) It contains or is accompanied by a

statement by the air carrier certifi-
cated under that section;

(3) It specifically describes the loca-

tion or locations of each aircraft en-
gine, propeller, appliance, or spare part
covered by it; and

(4) It is accompanied by the recording

fee required by § 49.15, but there is no
fee for recording a conveyance named
in § 49.51(c).

(b) The conveyance need only de-

scribe generally, by type, the engines,

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