AC Form 8050-1 Certificate of Repossession of Encumbered Aircraft

What Is AC Form 8050-1?

This is a legal form that was released by the U.S. Department of Transportation - Federal Aviation Administration on January 1, 2012 and used country-wide. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is AC Form 8050-1?
A: AC Form 8050-1 is the Certificate of Repossession of Encumbered Aircraft.

Q: What is the purpose of AC Form 8050-1?
A: The purpose of AC Form 8050-1 is to document the repossession of an encumbered aircraft.

Q: Who is required to use AC Form 8050-1?
A: Lenders or lienholders who have repossessed an aircraft are required to use AC Form 8050-1.

Q: Is AC Form 8050-1 specific to the United States or Canada?
A: AC Form 8050-1 is specific to the United States.

Q: Do I need to submit AC Form 8050-1 to the FAA?
A: Yes, the completed AC Form 8050-1 must be submitted to the FAA for processing.

Q: Are there any fees associated with AC Form 8050-1?
A: Yes, there may be fees associated with processing AC Form 8050-1. Contact the FAA for more information.

Q: What information is required on AC Form 8050-1?
A: AC Form 8050-1 requires information such as the aircraft details, the lender/lienholder information, and the reason for repossession.

Q: How long does it take to process AC Form 8050-1?
A: The processing time for AC Form 8050-1 can vary. Contact the FAA for the most up-to-date information.