Truth In Leasing

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- 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 . - 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 .For both commercial trucking companies and truck owners leasing their vehicles and services, it is important to know the legal basics of lease agreements. The federal truth in leasing law 49 CFR Part 376 regulates truck leases.. a Except as provided in paragraph b of this section, the parties to a lease or contract of conditional sale involving a U.S.-registered large civil aircraft and entered into after , shall execute a written lease or contract and include therein a written truth-in-leasing clause as a concluding paragraph in large print, .

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