This form is a release of a lien. The form provides that the lienholder chooses to release a certain parcel of property and the owner from all liability arising from the labor performed and materials furnished by the lienholder under the terms of a contract mentioned in the document.
Kentucky Release of Lien
Category:
State:
Multi-State
Control #:
US-01775-AZ
Format:
Word;
Rich Text
Instant download
Description
How to fill out Release Of Lien?
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FAQ
Lien Fees Title Lien Statement$ 22.00(1)(2)(3)(4)Late Filing Penalty - Title Lien Statement$ 2.00(4)Assignment$ 13.00(1)(4)Amendment$ 13.00(1)(4)Continuation$ 0.002 more rows
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. This prohibits you from transferring the vehicle until the lien is satisfied.
The lien is effective from the date on which the security interest is noted on the certificate of title for a period of ten (10) years, or in the case of a manufactured home for a period of thirty (30) years or until discharged.
(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).
Releasing a Vehicle Lien To release a lien, the following documents may be mailed, e-mailed or delivered in person: Original Kentucky Title. Completed Release/Termination Statement (TC 96-187) ? we are only able to provide this form to the lien holder.
Copies of tax liens can be obtained from the county court clerk in the county where the lien is filed.
Q: What forms do you accept to release a lien? A: The Kentucky County Clerk's Association voted to only accept one of the following forms to release vehicle liens: Original Clerk's Filing Receipt, Title Lien Statement (Form TC96-187), or a UCC-3 Financing Statement Amendment.
