14 C.F.R. Subpart D—Encumbrances Against Specifically Identified Aircraft Engines and Propellers
Title 14 - Aeronautics and Space
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, contract of conditional sale, or other instrument executed for security purposes, which affects title to, or any interest in, any specifically identified aircraft engine of 550 or more rated takeoff horsepower, or the equivalent of that horsepower, or a specifically identified aircraft propeller capable of absorbing 750 or more rated takeoff shaft horsepower. (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] 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 subpart applies, specifically identified by make, model, horsepower, and manufacturer's serial number; and (b) It is accompanied by the recording fee required by §49.15, but there is no fee for recording a conveyance named in §49.41(c). (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. [Doc. No. 1996, 29 FR 6486, May 19, 1964, as amended by Amdt. 49–7, 37 FR 25487, Dec. 1, 1972]
Title 14: Aeronautics and Space
PART 49—RECORDING OF AIRCRAFT TITLES AND SECURITY DOCUMENTS
Subpart D—Encumbrances Against Specifically Identified Aircraft Engines and Propellers
§ 49.41 Applicability.
§ 49.43 Eligibility for recording: general requirements.
§ 49.45 Recording of releases, cancellations, discharges, and satisfactions: special requirements.
