186A.005 Definitions for chapter.
340 words·~2 min read·
/ky/chapter-186a/186a-005A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
As used in this chapter:
(1)"Approved entity" means:
(a)A motor vehicle dealer licensed under KRS Chapter 190 that applies to and is
approved by the Transportation Cabinet to facilitate the title application or
salvage title application process through the electronic title application and
registration system;
(b)A state or federal financial institution chartered under the laws of this state,
any other state, or the United States as a bank insured by the Federal Deposit
Insurance Corporation (FDIC), bank holding company, trust company, credit
union, savings and loan association, or a holding company or service
corporation subsidiary thereof, or any agent of any of the entities listed in this
paragraph;
(c)An owner of a fleet as defined in this section that applies to and is approved
by the Transportation Cabinet to facilitate renewal of registration or
maintenance of permanent registration under KRS 186A.127 through the
electronic title application and registration system; and
(d)A retailer of manufactured homes, mobile homes, or recreational vehicles, as
defined in KRS 227.550, that applies to and is approved by the Transportation
Cabinet to facilitate the title application process through the electronic title
application and registration system;
(2)"Cabinet" means the Transportation Cabinet;
(3)"Electronic title application and registration system" means a system established
under KRS 186A.017 by which title applications, salvage title applications, title lien
statements, other supporting documents, signatures, and fees are input and
transmitted through the title application and registration process in an electronic
format;
(4)"Fleet" means:
(a)A group of at least one hundred fifty
(150)U-Drive-It vehicles owned by the
holder of a U-Drive-It certificate; or
(b)A group of at least ten
(10)nonapportioned commercial motor vehicles owned
by a company and used for business purposes; and
(5)"Title lien statement" means a document, submitted by a secured party or
authorized agent, to the cabinet through any county clerk's office in the
Commonwealth, to note the security interest on the certificate of title, or to amend
or terminate a security interest on the certificate of title.