Kentucky Statutes 186A.200 – Time period for presentation of title and title lien statement. (Effective until January 1, 2025)
Current as of: 2024 | Check for updates
|
Other versions
(1) With respect to a vehicle previously titled in the name of its debtor, the secured party shall, within thirty (30) days after execution of the security agreement, obtain the current certificate of title in the name of the debtor, with no more than one (1) prior lien indicated thereon, and present to the county clerk the certificate of title, which the secured party shall have the right to obtain from the debtor, together with the title lien statement and the required fees in KRS § 186A.190 to the county clerk.
(2) For failure to present both the title and title lien statement within the time prescribed by subsection (1) of this section, the secured party shall pay a penalty of two dollars ($2) to the county clerk as a prerequisite for noting the security interest on the title.
(3) The county clerk shall enter the information required by KRS § 186A.190(9) into the automated system.
(4) The county clerk shall record upon the title in the appropriate section the information designated by KRS § 186A.190(9).
Effective: July 15, 2020
History: Amended 2020 Ky. Acts ch. 119, sec. 3, effective July 15, 2020. — Amended
2017 Ky. Acts ch. 31, sec. 3, effective June 29, 2017. — Amended 2016 Ky. Acts ch.
118, sec. 3, effective July 15, 2016. — Amended 2000 Ky. Acts ch. 408, sec. 182, effective July 1, 2001. — Amended 1998 Ky. Acts ch. 128, sec. 13, effective July 15,
1998. — Amended 1996 Ky. Acts ch. 297, sec. 3, effective July 15, 1996. — Amended 1986 Ky. Acts ch. 118, sec. 99, effective July 1, 1987. — Created 1982 Ky. Acts ch. 164, sec. 37, effective July 15, 1982.
(2) For failure to present both the title and title lien statement within the time prescribed by subsection (1) of this section, the secured party shall pay a penalty of two dollars ($2) to the county clerk as a prerequisite for noting the security interest on the title.
Terms Used In Kentucky Statutes 186A.200
- Lien: A claim against real or personal property in satisfaction of a debt.
(3) The county clerk shall enter the information required by KRS § 186A.190(9) into the automated system.
(4) The county clerk shall record upon the title in the appropriate section the information designated by KRS § 186A.190(9).
Effective: July 15, 2020
History: Amended 2020 Ky. Acts ch. 119, sec. 3, effective July 15, 2020. — Amended
2017 Ky. Acts ch. 31, sec. 3, effective June 29, 2017. — Amended 2016 Ky. Acts ch.
118, sec. 3, effective July 15, 2016. — Amended 2000 Ky. Acts ch. 408, sec. 182, effective July 1, 2001. — Amended 1998 Ky. Acts ch. 128, sec. 13, effective July 15,
1998. — Amended 1996 Ky. Acts ch. 297, sec. 3, effective July 15, 1996. — Amended 1986 Ky. Acts ch. 118, sec. 99, effective July 1, 1987. — Created 1982 Ky. Acts ch. 164, sec. 37, effective July 15, 1982.