The Buyers Name Affidavit is for the Buyer to provide a statement of his or her legal name and signature, as well as to certify to other "known as" names. Many times persons sign documents in different ways and the name affidavit is necessary to clarify that the signatures are one and the same person. i.e. John Jones, John T. Jones and J.T. Jones are one and the same person.
Kentucky Name Affidavit of Buyer
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How to fill out Kentucky Name Affidavit Of Buyer?
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FAQ
1. Unless the ownership of the car is transferred in his favour you continue to be liable under the civil and criminal law for any civil wrong or crime committed while using the vehicle. 2. Police does not have any authority to intervene in this case as not transferring the RC is not a crime.
Kentucky requires that any time a vehicle changes ownership, the title be transferred to the new owner. This applies to the selling/buying process, but it also applies to vehicles that might be gifted to someone, and inherited vehicles, as well.
1Pay off your car loan.2Think about the giftee's financial situation.3Make sure you can afford to pay gift tax.4Don't worry about sales tax if you already own the car.5Write up a bill of sale.6Transfer your car title.7Insure the giftee.8More coverage from How to Do Everything: Money.
The title transfer fees in Kentucky are just $9. If there is a loan of the car, there is an additional $22 fee.
If you have purchased a motor vehicle or if you want to transfer ownership of the vehicle, you have 15 days to complete the Kentucky vehicle registration process. If you are a new resident of the state of Kentucky, you must complete the KY registration process in 10 days.
Giving The Car To A Charity Or Family Member You can give your car to your child or charity by completing the assignment on the back of the title and have the transaction notarized at the clerk's office. Make sure to write down, Gift, in the purchase price section.
Wait to sign until you are before a Notary. Front of title - sign where it where it reads "Transferor/Seller Signature or Signature of seller" Front of title - print name where it reads "Transferor/Seller Printed Name or Printed Name of Seller just under the signature."
Title has two sections for buyer(s) signature. Buyer(s) signature must be notarized on the right side portion of title under Application for Title/Affidavit of Total Consideration in buyer(s) section. Complete the assignment of title on the back of your Kentucky title.
When a vehicle or vessel is sold from one citizen or business to another in Kentucky, the title must be transferred to the new owner within 15 days.
