Kentucky Acquisition Worksheet

State:
Multi-State
Control #:
US-OG-443
Format:
Word; 
Rich Text
Instant download

Description

This form is is an acquisition worksheet to be used in conducting due diligence in an acquisition transaction.

How to fill out Acquisition Worksheet?

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FAQ

On the back of the original title, the seller fills in their name, date, the odometer reading, and purchase price for the vehicle. The buyer will sign on both the front and back of the title. Both signatures are witnessed by the notary.

The Title and VTR may be completed and notarized outside the County Clerk's Office. In such cases anyone may bring the paperwork in for processing. If the buyer or seller's signature is notarized by the County Clerk's Office, the person must appear in person with a valid Kentucky I.D.

??????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.

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.

Kentucky doesn't require an in-state license for vehicle registration, but you need a photo ID. Kentucky also requires proof of Kentucky car insurance unless you're active-duty military stationed in Kentucky.

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.

If the buyer or seller's signature is notarized by the County Clerk's Office, the person must appear in person with a valid Kentucky I.D. A $2.00 notary fee is charged for each signature.

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. ... The buyer completes the vehicle title transfer process at their local County Clerk's office. The buyer registers the car and applies for new license plates at the same time.

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Kentucky Acquisition Worksheet