Understanding an Aircraft Claim of Lien
When someone is providing storage, maintenance, repair, or other services to an aircraft, they have the ability to assert a lien on that aircraft and retain possession until they have been paid for the services they have provided. The party asserting an airplane claim of lien, also known as the lien claimant, will usually resort to this when they have not been paid for the services they have carried out as a way to get some form of payment. The claim, which will often involve state and federal aviation laws, will have to be properly filed and perfected, and, in order to file a claim of lien against an aircraft, it needs to be registered under the Federal Aviation Administration.
Claim of Lien Requirements
An aircraft claim of lien will have to include specific information in order to be valid and enforceable. You will need to take these into account so as to make sure the claim is recorded properly, so confirm that these are a part of the claim of lien when submitting it.
- The total amount of the claim.
- A description of the aircraft by N-Number, manufacturer name, model designation, and serial number.
- Specific dates on which the labor, the materials, or the services were last furnished.
- The signature in ink of the claimant, which must show the signer’s title as appropriate.
- A recording fee of $5 USD for each aircraft affected by the claim by way of a check or money order made payable to the Federal Aviation Administration.
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