Kentucky Release of Security Interest - Termination Statement
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How to fill out Release Of Security Interest - Termination Statement?
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FAQ
Ordering a title generates a form called a ?goldenrod? that can be used in place of the title for 30 days. This form looks like the registration to the vehicle, but has a red stamp to indicate ?for lien filing purposes only? and also an embossed county seal on the page.
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.
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
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.
?TC 96-187. ?Title Lien Statement.
(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).
