Federal Aviation Administration, DOT

Section 49.53

(c) A release, cancellation, discharge,
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]

Section 49.43 Eligibility for recording: general requirements.
A conveyance is eligible for recording
under this subpart only if, in addition
to the requirements of SectionSection 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 subpart applies, specifically identified by
make, model, horsepower, and manufacturer-s serial number; and
(b) It is accompanied by the recording fee required by Section 49.15, but there is
no fee for recording a conveyance
named in Section 49.41(c).
Section 49.45 Recording of releases, cancellations, discharges, and satisfactions:
special requirements.
(a) A release, cancellation, discharge,
or satisfaction of an encumbrance created by an instrument recorded under
this subpart must be in a form equivalent to AC Form 8050-41 and contain a
description of the encumbrance, the recording information furnished to the
holder at the time of recording, and the
collateral released.
(b) If more than one engine or propeller, or both, are listed in an instrument, 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 release, cancellation, discharge, or satisfaction must state that all of the encumbered engines or propellers are released. The original recorded document
must be clearly identified by the
names of the parties, the date of FAA
recording, and the document date.

spaschal on DSK3GDR082PROD with CFR

[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
Section 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 Section 49.17 (a), and
any mortgage, equipment trust, contract of conditional sale, or other instrument executed for security purposes, which affects title to, or any interest in, any aircraft engine, propeller, 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 propellers, 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.
(c) A release, cancellation, discharge,
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]

Section 49.53 Eligibility for recording: general requirements.
(a) A conveyance is eligible for recording under this subpart only if, in
addition to the requirements of SectionSection 49.11,
49.13, and 49.17, the following requirements are met:
(1) It affects any aircraft engine, propeller, appliance, or spare part, maintained 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 certificated under that section;
(3) It specifically describes the location or locations of each aircraft engine, propeller, appliance, or spare part
covered by it; and
(4) It is accompanied by the recording
fee required by Section 49.15, but there is no
fee for recording a conveyance named
in Section 49.51(c).
(b) The conveyance need only describe generally, by type, the engines,

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