This form is a Security Agreement. This security agreement is entered into as security for a loan given to the borrower(s). The agreement also contains provisions concerning: warranties, collection of collateral, and events of default.
Kansas Security Agreement - Long Form
Category:
State:
Multi-State
Control #:
US-00627
Format:
Word;
Rich Text
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How to fill out Security Agreement - Long Form?
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FAQ
Once the first lienholder has been paid off, they may submit their lien release electronically (if they are members of the KS E-Lien system), or by providing it to the owner who will then submit it to the local county treasurer's office or fax it to the Titles and Registrations Bureau at 785-296-2383.
A Notice of Security Interest serves as notification to the Division of Vehicles that a person/business has applied for a loan on the vehicle described on this form and subsequently that a lien is to be reflected on the vehicle title record.
A security agreement is a document that provides a lender a security interest in a specified asset or property that is pledged as collateral. Security agreements often contain covenants that outline provisions for the advancement of funds, a repayment schedule, or insurance requirements.
At a minimum, a valid security agreement consists of a description of the collateral, a statement of the intention of providing security interest, and signatures from all parties involved. Most security agreements, however, go beyond these basic requirements.
Kansas Vehicle Title Services Company, LLC (KVTSC) provides same day and 24-hour turnaround processing for Etitles, Duplicates, Reissues, Title Only's, Salvage Titles, Repossession Titles, Possessory Liens, Mechanic's Liens, Abandoned Vehicles, Storage Liens, Verifications, and Vehicle Histories for licensed Kansas ...
Security Interest: An interest in personal property or fixtures -- i.e., improvements to real property -- which secures payment or performance of an obligation. Security Agreement: An agreement creating or memorializing a security interest granted by a debtor to a secured party.
Kansas is a ?lien holding? state. This means that the Kansas Department of Revenue holds the title on any vehicle that is bound by a lien. The lien is not available to the owner until payment is made in full on the purchase price or other loan in which the vehicle is a collateral.
Sell a Vehicle The Electronic Title Sales Agreement is printed and filled out in its entirety by the seller. The signatures and hand printed names of both the seller and the buyer must be affixed. Seller must attach a copy of the vehicle's current registration receipt and any lien holder's name and address.