A mortgagor may wish to remove a mortgage registered with the CAA SMR when the mortgage has been paid out and the mortgage is legally terminated or when the aircraft has been sold or changes owners and the aircraft is to be deregistered.
In accordance with art. 43 of Law n. 125 of 29th July 2014 a mortgage can be removed by using Form SM 83 accompanied by a copy of the document that gives rise to the cancellation of the mortgage.
In case of recorded IDERA, the mortgaged aircraft cannot be de-registered unless the IDERA has been revocated in accordance with CAR IDERA.
|FORM SM 83
Application for Cancellation of Registered Mortage