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32 - FAA Part 107 Drone Exam Prep - During a flight, the drone battery catches fire and destroys the drone, but causes no other damage. Do you need to report this to the FAA?

Question 32 - Regulations - FAA Part 107 Drone Exam Prep

No, damage to the drone itself does not require reporting.
Yes, all fires must be reported within 10 days.
Yes, because the cost of the drone exceeds $500.

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