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Cancelation of a Mortgaged Aircraft

In accordance with art. 44 of Law n. 125 of 29th July 2014, a mortgagor may request cancellation of a San Marino mortgaged aircraft after submission to the CAA SMR of a written consent of the motgagee.

The written consent must be signed by the person who executed the mortgage agreement or holds a power of attorney on behalf of mortgagee.

The existence of the mortgage shall be recoded in the Certificate of De-registration at the time of cancelation of the aircraft.