Kentucky Release of Lien for Vehicle
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How to fill out Release Of Lien For Vehicle?
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FAQ
(KRS 355.9-513 (2)). The termination must be filed in the county where the lien was originally filed. The termination statement must come from the secured party. Effective July 15, 2004 the termination statement must be signed by the secured party (KRS 186.045).
The circumstances in which the Department of Revenue will consider a Specific Lien Release are as follows: The taxpayer owns other property, subject to the lien, that is worth at least two times the total of the tax owed, plus any additions to the tax owed, and any other debts owed on the property, such as a mortgage.
The Title Lien Statement (TC 96-187) is the only recognized form for transmitting the required information needed to establish a lien on the certificate of title.
Kentucky is NOT a title holding state. Once your vehicle is registered with us, you will receive a KY title with a lien held by your lender reflected on it.
Kentucky is not a title-holding state; therefore, the title with the lien noted will be mailed to the owner. For your records, the original Title Lien Statement (TC 96-187) will be returned to you as confirmation of the lien filing.
The new title will be mailed to the registered owner within 3-4 business days. (If pending a lien, the title will not print for 30 days.)
Online access to Kentucky vehicle owner, title, lien, and registration records is provided through the Kentucky.gov Online Vehicle Information Service (OVIS) in cooperation with the Kentucky Transportation Cabinet and is governed by the Federal Driver's Privacy Protection Act of 2000 (DPPA).
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.
