Beginning June 1, 2004, an aircraft owner who fails to respond within 60 days under the Triennial Aircraft Registration Report program, could face enforcement action against his or her aircraft’s registration certificate. The FAA Aircraft Registration Branch has indicated that potential actions could include suspension or revocation of an aircraft’s certificate of registration and cancellation of the aircraft’s N-number or registration.
Aircraft registration address changes are supposed to be updated within 30 days of any change. The FAA claims this is more than a mere paperwork issue and relates to safety in that “The agency and manufacturers must be able to notify aircraft owners to distribute safety and maintentance related information, including airworthiness directives”. Apparently if an aircraft owner does not comply, their name will be posted on the FAA’s website. If you are unsure of whether the information for your aircraft is current, you can check the information for your aircraft here.