View Information Collection Request (ICR) Package
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Please note that the OMB number and expiration date may not have been determined when this Information Collection Request and associated Information Collection forms were submitted to OMB. The approved OMB number and expiration date may be found by clicking on the Notice of Action link below.
View ICR - OIRA Conclusion
OMB Control No:
2120-0043
ICR Reference No:
202007-2120-002
Status:
Historical Active
Previous ICR Reference No:
201812-2120-002
Agency/Subagency:
DOT/FAA
Agency Tracking No:
Title:
Recording of Aircraft Conveyances and Security Documents
Type of Information Collection:
Extension without change of a currently approved collection
Common Form ICR:
No
Type of Review Request:
Regular
OIRA Conclusion Action:
Approved with change
Conclusion Date:
02/14/2022
Retrieve Notice of Action (NOA)
Date Received in OIRA:
11/13/2020
Terms of Clearance:
The agency made modifications to the supporting statement to preview upcoming electronic submission options.
Inventory as of this Action
Requested
Previously Approved
Expiration Date
02/28/2025
36 Months From Approved
02/28/2022
Responses
22,370
0
23,681
Time Burden (Hours)
22,370
0
23,681
Cost Burden (Dollars)
0
0
0
Abstract:
When an aircraft owner satisfies their debt, Federal Aviation Regulation 14 CFR Part 49.17, “Conveyances recorded”, mandate that the lien holder report the satisfaction of the lien to the FAA Civil Aviation Registry (Registry). In order for the Registry to record a lien, an AC Form 8050-41 Notice of Recordation, is prepared to display the lien and recording information prior to being mailed to the lien holder. The lien holder completes Part II, Release, at the bottom of the AC Form 8050-41; a lien holder signature and date is required to signify release of the debt. The lien holder mails the form to the Registry so that the interest in the aircraft shows to be released. The lien holder may submit the same information without using the form, if desired.
Authorizing Statute(s):
US Code:
49 USC 44108
Name of Law: Validity of conveyances, leases, and security
Citations for New Statutory Requirements:
None
Associated Rulemaking Information
RIN:
Stage of Rulemaking:
Federal Register Citation:
Date:
Not associated with rulemaking
Federal Register Notices & Comments
60-day Notice:
Federal Register Citation:
Citation Date:
85 FR 22784
04/23/2020
30-day Notice:
Federal Register Citation:
Citation Date:
85 FR 71987
11/12/2020
Did the Agency receive public comments on this ICR?
No
Number of Information Collection (IC) in this ICR:
1
IC Title
Form No.
Form Name
Recording of Aircraft Conveyances and Security Documents
AC Form 8050-41
Notice of Recordation
ICR Summary of Burden
Total Approved
Previously Approved
Change Due to New Statute
Change Due to Agency Discretion
Change Due to Adjustment in Estimate
Change Due to Potential Violation of the PRA
Annual Number of Responses
22,370
23,681
0
0
-1,311
0
Annual Time Burden (Hours)
22,370
23,681
0
0
-1,311
0
Annual Cost Burden (Dollars)
0
0
0
0
0
0
Burden increases because of Program Change due to Agency Discretion:
No
Burden Increase Due to:
Burden decreases because of Program Change due to Agency Discretion:
No
Burden Reduction Due to:
Short Statement:
The burden is based on customer submissions which fluctuates up or down from year to year. The decrease in the reporting burden is due to a decrease in the number of respondents submitting releases of encumbrances for FY19 over the FY data used for the previous renewal submission. The adjustment reflects a decrease in elective activity by the public, not a change in a government requirement. The time per response was adjusted from 55 minutes to an hour to reflect a better estimate of time needed to apply for a loan.
Annual Cost to Federal Government:
$807,620
Does this IC contain surveys, censuses, or employ statistical methods?
No
Does this ICR request any personally identifiable information (see
OMB Circular No. A-130
for an explanation of this term)? Please consult with your agency's privacy program when making this determination.
No
Does this ICR include a form that requires a Privacy Act Statement (see
5 U.S.C. §552a(e)(3)
)? Please consult with your agency's privacy program when making this determination.
No
Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]?
No
Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]?
No
Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)?
No
Is this ICR related to the Pandemic Response?
No
Agency Contact:
Bonnie Lefko 405 954-7461 bonnie.lefko@faa.gov
Common Form ICR:
No
On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
(a) It is necessary for the proper performance of agency functions;
(b) It avoids unnecessary duplication;
(c) It reduces burden on small entities;
(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;
(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;
(f) It indicates the retention periods for recordkeeping requirements;
(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control number;
(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.
(i) It uses effective and efficient statistical survey methodology (if applicable); and
(j) It makes appropriate use of information technology.
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.
Certification Date:
11/13/2020
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