Page:United States Statutes at Large Volume 108 Part 2.djvu/450

 108 STAT. 1166 PUBLIC LAW 103-272—JULY 5, 1994 §44109. Reporting transfer of ownership (a) FILING NOTICES.— ^A person having an ownership interest in an aircraft for which a certificate of registration was issued under section 44103 of this title shall file a notice with the Secretary of the Treasury that the Secretary requires by regulation, not later than 15 days after a sale, conditional sale, transfer, or convey- ance of the interest. (b) EXEMPTIONS.—The Secretary- Regulations. (1) shall prescribe regulations that establish guidelines for exempting a person or class from subsection (a) of this section; and (2) may exempt a person or class under the regulations. § 44110. Information about aircraft ownership and rights The Administrator of the Federal Aviation Administration may provide by regulation for— (1) endorsing information on each certificate of registration issued under section 44103 of this title and each certificate issued under section 44704 of this title about ownership of the aircrgift for which each certificate is issued; and (2) recording transactions affecting an interest in, and for other records, proceedings, and details necessary to decide the rights of a party related to, a civil aircraft of the United States, aircraft engine, propeller, appliance, or spare part. §44111. ModiHcations in registration and recordation system for aircraft not providing air transportation (a) APPLICATION. — This section applies only to aircraft not used to provide air transportation. (b) AUTHORITY TO MAKE MODIFICATIONS.— The Administrator of the Federal Aviation Administration shall make modifications in the system for registering and recording aircraft necessary to make the system more effective in serving the needs of— (1) buyers and sellers of aircraft; (2) officials responsible for enforcing laws related to the regulation of controlled substances (as defined in section 102 of the Comprehensive Drug Abuse Prevention and Control Act of 1970 (21 U.S.C. 802)); and (3) other users of the system. (c) NATURE OF MODIFICATIONS.— Modifications made under subsection (b) of this section— (1) may include a system of titling aircraft or registering all aircraft, even aircraft not operated; (2) shall ensure positive, verifiable, and timely identification of the true owner; and (3) shall address at least each of the following deficiencies in and abuses of the existing system: (A) the registration of aircraft to fictitious persons. (B) the use of false or nonexistent addresses by persons registering aircraft. (C) the use by a person registering an aircraft of a post office box or "mail drop" as a return address to evade identification of the person's address. (D) the registration of aircraft to entities established to facilitate unlawful activities. (E) the submission of names of individuals on applications for registration of aircraft that are not identifiable.

�