I was my little, local bank's first and only aircraft loan.
Now that the note is paid off, how do I get a lien release to FAA from them? They don't know (and since I've never paid off an aircraft loan, I don't know either-LOL)
Joined Jul 21, 2014 Messages 9,673 Location Broken Arrow, OK Display Name Display name:
SoonerAviator
I was my little, local bank's first and only aircraft loan.
Now that the note is paid off, how do I get a lien release to FAA from them? They don't know (and since I've never paid off an aircraft loan, I don't know either-LOL)
Contact the bank and tell them to issue you a lien release. They should send it out free of charge, and then you would likely need to provide that to the title-issuing authority in your state (if applicable) so that a new title could be filed removing the lien holder from the title/record. You could just send a copy of the lien release to the FAA if the bank doesnt know the process, although I'm not sure why the FAA cares about title/lien issues aside from correcting the digital record on file.