[Code of Federal Regulations]
[Title 14, Volume 1]
[Revised as of January 1, 2007]
From the U.S. Government Printing Office via GPO Access
[CITE: 14CFR49.55]

[Page 926]
 
                     TITLE 14--AERONAUTICS AND SPACE
 
CHAPTER I--FEDERAL AVIATION ADMINISTRATION, DEPARTMENT OF TRANSPORTATION
 
PART 49_RECORDING OF AIRCRAFT TITLES AND SECURITY DOCUMENTS--Table 
of Contents
 
Subpart E_Encumbrances Against Air Carrier Aircraft Engines, Propellers, 
                       Appliances, and Spare Parts
 
Sec.  49.55  Recording of releases, cancellations, discharges, and 
satisfactions: special requirements.

    (a) A release, cancellation, discharge, or satisfaction of an 
encumbrance on all of the collateral listed in an instrument recorded 
under this subpart, or on all of the collateral at a particular 
location, must be in a form equivalent to AC Form 8050-41, signed by the 
holder of all of the collateral at the particular location, and contain 
a description of the encumbrance, the recording information furnished to 
the holder at the time of recording, and the location of the released 
collateral.
    (b) If the encumbrance on collateral at all of the locations listed 
in an instrument recorded under this subpart is released, canceled, 
discharged, or satisfied, the locations need not be listed. However, the 
document must state that all of the collateral at all of the locations 
listed in the encumbrance has been so released, canceled, discharged, or 
satisfied. The original recorded document must be clearly identified by 
the names of the parties, the date of recording by the FAA, and the 
document number.

[Doc. No. 1996, 29 FR 6486, May 19, 1964, as amended by Amdt. 49-1, 31 
FR 4499, Mar. 17, 1966; Amdt. 49-7, 37 FR 25487, Dec. 1, 1972]