186A.295 Owner to surrender title on destroyed vehicle or trailer.
351 words·~2 min read·
/ky/chapter-186a/186a-295A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)Any person or entity having a motor vehicle or trailer that has been destroyed,
to the extent that its repair cannot be obtained through usual commercial
repair services, at a cost less than its retail value as prescribed by a nationally
accepted used car valuation guide or tool identified under KRS 304.20-110, or
from which two
(2)or more parts which typically bear a vehicle identification
number placed thereon by the manufacturer have been removed, or which he
or she removes, shall surrender the certificate of title for the vehicle for which
he or she has a certificate of title in his, or her, or another name, to the county
clerk of the county in which the vehicle is located. The clerk shall
immediately forward the surrendered title to Frankfort with instructions for
canceling the title.
(b)Any person or entity engaged in the sale of used motor vehicle or trailer parts,
or the recycling or salvage of them, shall surrender the certificate of title for
any vehicle in his or her possession, and for which he or she has a certificate
of title, whether in his or her or another name, if the vehicle is destroyed
within the meaning of paragraph
(a)of this subsection, or from which two
or more parts which typically bear a vehicle identification number placed
thereon by a manufacturer have been removed, or which he or she removes, to
the county clerk of the county in which the vehicle is located. The clerk shall
immediately forward the surrendered title to Frankfort with instructions for
canceling the title.
(c)The surrender of the certificate of title pursuant to this section shall be made
within ten
(10)working days, next succeeding the day when the vehicle was
received, destroyed, or next succeeding the day during which a second part
was removed.
(2)Each county clerk shall receive without charge, a certificate surrendered in
accordance with this section, cancel it, and remit it to the Department of Vehicle
Regulation, and take any other action related to it, as required by the Department of
Vehicle Regulation.