Code of Federal Regulations - Title 14

1024

14 CFR Ch. I (1–1–14 Edition)

§ 49.15

Fees for recording.

(a) The fees charged for recording

conveyances under this part are as fol-
lows:

(1) Conveyance of aircraft—

For each aircraft listed therein .....................

$5.00

(2) Conveyance, made for security purposes, of

a specifically identified aircraft engine or pro-
peller, or any assignment or amendment
thereof, or supplement thereto, recorded
under Subpart D—

For each engine or propeller ........................

5.00

(3) Conveyance, made for security purposes, of

aircraft engines, propellers, appliances, or
spare parts, maintained at a designated loca-
tion or locations, or any assignment or
amendment thereof, or supplement thereto,
recorded under Subpart E—

For the group of items at each location .......

5.00

(b) There is no fee for recording a bill

of sale that accompanies an applica-
tion for aircraft registration and the
proper fee under Part 47 of this chap-
ter.

panied by the proper fee, that may be
paid by check or money order to the
Federal Aviation Administration.

[Doc. No. 1996, 29 FR 6486, May 19, 1964, as
amended by Amdt. 49–1, 31 FR 4499, Mar. 17,
1966; Doc. No. 8084, 32 FR 5769, Apr. 11, 1967]

§ 49.17

Conveyances recorded.

(a)(1) Each instrument recorded

under this part is a ‘‘conveyance’’
within the following definition in 49
U.S.C. 40102(a)(19):

‘‘Conveyance’’ means an instrument, in-

cluding a conditional sales contract, affect-
ing title to, or an interest in, property.

(2) A notice of Federal tax lien is not

recordable under this part, since it is
required to be filed elsewhere by the
Internal Revenue Code (26 U.S.C. 6321,
6323; 26 CFR 301.6321–1, 301.6323–1).

(b) The kinds of conveyance record-

able under this part include those used
as evidence of ownership under § 47.11 of
this chapter.

eligible for recording under this part, is
governed by the laws of the State, pos-
session, Puerto Rico, or District of Co-
lumbia, as the case may be, in which
the instrument was delivered, regard-
less of the location or place of delivery
of the property affected by the instru-
ment. If the place where an instrument
is intended to be delivered is stated in
the instrument, it is presumed that the

instrument was delivered at that place.
The recording of a conveyance is not a
decision of the FAA that the instru-
ment does, in fact, affect title to, or an
interest in, the aircraft or other prop-
erty it covers.

(d) The following rules apply to con-

veyances executed for security pur-
poses and assignments thereof:

(1) A security agreement must be

signed by the debtor. If the debtor is
not the registered owner of the air-
craft, the security agreement must be
accompanied by the debtor’s Applica-
tion for Aircraft Registration and evi-
dence of ownership, as prescribed in
Part 47 of this chapter, unless the debt-
or—

(i) Holds a Dealer’s Aircraft Registra-

tion Certificate and submits evidence
of ownership as provided in § 47.67 of
this chapter (if applicable);

(ii) Was the owner of the aircraft on

the date the security agreement was
signed, as shown by documents re-
corded at the FAA Aircraft Registry;
or

(iii) Is the vendor, bailor, or lessor

under a contract of conditional sale.

(2) The name of a cosigner may not

appear in the security agreement as a
debtor or owner. If a person other than
the registered owner signs the security
agreement, that person must show the
capacity in which that person signs,
such as ‘‘cosigner’’ or ‘‘guarantor’’.

(3) An assignment of an interest in a

security agreement must be signed by
the assignor and, unless it is attached
to and is a part of the original agree-
ment, must describe the agreement in
sufficient detail to identify it, includ-
ing its date, the names of the parties,
the date of FAA recording, and the re-
corded conveyance number.

(4) An amendment of, or a supple-

ment to, a conveyance executed for se-
curity purposes that has been recorded
by the FAA must meet the require-
ments for recording the original con-
veyance and must describe the original
conveyance in sufficient detail to iden-
tify it, including its date, the names of
the parties, the date of FAA recording,
and the recorded conveyance number.

(5) Immediately after a debt secured

by a conveyance given for security pur-
poses has been satisfied, or any of the
encumbered aircraft have been released

VerDate Mar<15>2010

10:12 Mar 18, 2014

Jkt 232046

PO 00000

Frm 01034

Fmt 8010

Sfmt 8010

Y:\SGML\232046.XXX

232046

pmangrum on DSK3VPTVN1PROD with CFR