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A lien on an aircraft is permitted under California law.
However, you also need to file an aircraft lien with the FAA
Here's the web address:
If the promissory note indicates that the debtor is granting a lien on the aircraft, then you could file the note.
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Do I need to file any paper work with my county or state?
You should file what is called a UCC-1
Here is the web address:
So this can easily be done on my own? I fill out the UCC-1 and then I can file the same with the FAA? Thats all?
(1) the names of the parties to the agreement; (2) language which states that the aircraft owner grants the secured party a security interest in the collateral; (3) identification of the collateral by manufacturer name, model designation, serial number, and N-Number.
Here's the FAA form you need to include:
I am almost all there. Thanks for your patience.
Do I need to file with the state first and get some kind of response before filing with the FAA or can I do both at the same time.
You should file the UCC with the state first.