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.