Kentucky Sample Letter for Mutual Release and Bill of Sale

State:
Multi-State
Control #:
US-0054LTR
Format:
Word; 
Rich Text
Instant download

Description

This form is a sample letter in Word format covering the subject matter of the title of the form.

How to fill out Sample Letter For Mutual Release And Bill Of Sale?

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FAQ

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. Property taxes will still be assessed based on the current book value of the car.

A Kentucky car title transfer consists of two stages. The buyer and seller meet in person, with a notary public. The buyer pays the seller. All three parties (buyer, seller, and notary) fill out and sign the physical title certificate.

To register a vehicle in Kentucky, you are not required to provide a bill of sale. However, it is still a good idea for buyers and sellers to complete this form. A bill of sale can establish proof that the transaction has taken place and that the property has been transferred from the seller to the buyer.

How to Sell a Car in Kentucky Step 1: Allow the buyer to have the car inspected by a third party. Step 2: Organize and gather all related vehicle documentation. Step 3: Transfer the title. Step 4: Remove your plates and cancel your insurance.

Kentucky residents registering a vehicle purchased out of state must also complete the Total Consideration section on the TC 96-182 form, the application must be signed by both the seller and the buyer attesting to the purchase price of the vehicle.

If you're selling a vehicle to an out-of-state resident, both the buyer and seller will need to fill out and sign an Affidavit of Incomplete Transfer (Form TC96-3) in front of a notary public.

Does a Bill of Sale Have to Be Notarized in Kentucky? In most cases, no. If you are applying for a title on an out-of-state vehicle and your state only issues bills of sale to prove ownership, the signatures on the bill of sale must be notarized.

??????TRANSFERRING OWNERSHIP???? The buyer takes the signed title, proof of Kentucky Insurance, proof of Identification, and money for fees and applicable taxes to their local County Clerk's office for transfer. Older Titles before 2000 may require a completed TC96-182? to complete the transfer process.

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Kentucky Sample Letter for Mutual Release and Bill of Sale