September 3, 2013 – BATI Newsletter
BATI Weekly Quotes
Human beings, who are almost unique in having the ability to learn from the experience of others, are also remarkable for their apparent disinclination to do so.
Douglas Adams, British Author
The ten most common reasons that documents are rejected by FAA:
Not what you think it would be – complicated financing structures, convoluted paperwork, hidden parties? Nah…just plain old mistakes (or possibly not understanding the rules!):
1. Name of signer not typed or printed beneath signature on registration
2. Title not appropriate for entity for which person is signing;
3. Fees not submitted with docs, or insufficient fees submitted with docs;
4. Not ink signatures on documents requiring ink signatures;
5. Release is signed by successor bank with no name change docs on file;
6. Management of LLC is vested in a non-citizen;
7. Missing pages in a certified copy of a document;
8. Evidence of ownership submitted to support registration is not from the
last registered owner in FAA’s records;
9. Security instrument drawn by someone other than the registered owner;
10. Re-Registration application (8050-1A) submitted too early (or too late)!
BATI – FAA and IR Update
By December 31, 2013, all of the over 300,000 aircraft on the United States Civil Aircraft Registry will have been re-registered! The process will have taken three years. Everyone’s certificate of aircraft registration issued after October 1, 2010, has an expiration date and must be renewed every three years from that specific date.
Approximately six months before the expiration of the certificate, the FAA will send the registered owner a notification in the mail (a Form 8050-1B), with a specific code which can be used online to renew registration (and payment of the $5.00 registration renewal fee) provided no changes are made; if there are changes, the form can be filled out online and then mailed to the Registry with the $5.00 fee. (The third, fourth and fifth months prior to expiration are the “timely filing window” months).
Remember, if aircraft registration has expired and a new certificate has not been issued, received and placed in the aircraft, then the aircraft is without authority to operate. If registration is not renewed, the n-number will be cancelled after 90 days from the expiration and the n-number will be on “hold” for five years following the expiration.
To prepare for registration renewal: Call BATI and ask us to verify the name and address of the registered owner(s). We will do this on a complimentary basis; that way, if changes need to be made, they can be made well in advance of the expiration and you won’t be facing parking your aircraft while the FAA slogs through its paperwork!