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AC 91-37B - Truth in Leasing

Document Information

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91-37B - Truth in Leasing

Date Issued
February 10, 2016
Responsible Office
AFS-800
Description
This advisory circular (AC) provides information and guidance for lessees and conditional buyers of U.S.-registered aircraft. While truth-in-leasing requirements are required by regulation for aircraft weighing more than 12,500 pounds, the Federal Aviation Administration (FAA) prepared this AC to ensure any person who is seeking to lease an aircraft understands the meaning of operational control and does not enter into an agreement where operational control is not clearly maintained by the appropriate party.

This page was originally published at: https://www.faa.gov/regulations_policies/advisory_circulars/index.cfm/go/document.information/documentID/1028946