Fill in a Valid Kentucky Tc 96 187 Template

The Kentucky TC 96-187 form is similar to the UCC-1 Financing Statement, which is used across the United States to secure a lender's interest in a debtor's personal property. Like the TC 96-187, the UCC-1 requires details about the debtor and the secured party, along with a description of the collateral. Both documents serve to publicly record a security interest, providing notice to other potential creditors. This helps to establish priority in the event of debtor default, ensuring that the secured party has a legal claim to the specified assets.

Another comparable document is the UCC-3 Financing Statement Amendment. This form is used to amend, continue, or terminate a previously filed UCC-1. Similar to the TC 96-187, the UCC-3 must be completed when changes occur in the security interest, such as a change in the debtor's name or the collateral description. Both forms require the secured party's signature for termination, emphasizing the importance of proper documentation in maintaining accurate records of security interests.

The Notice of Lien form is also akin to the TC 96-187. This document is often used in various states to inform the public about a lien placed on a property or vehicle. Like the TC 96-187, it includes information about the debtor and the secured party, along with details of the property involved. Both forms serve the purpose of notifying interested parties of existing claims, which can protect the rights of the secured party in case of disputes over ownership or claims to the property.

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Similarly, the Vehicle Title Application serves as another related document. This form is used when applying for a title for a vehicle, and it often includes sections for lien information. While the TC 96-187 specifically addresses the lien statement, the Vehicle Title Application encompasses a broader scope, including ownership details and vehicle specifications. Both documents are essential in the process of establishing legal ownership and securing interests in vehicles.

Lastly, the Certificate of Title is a critical document that parallels the TC 96-187. The Certificate of Title serves as proof of ownership for a vehicle and may also include information regarding any liens. While the TC 96-187 focuses on the lien itself, the Certificate of Title provides a comprehensive view of ownership and encumbrances. Both documents work together to ensure that all parties are aware of any financial claims against the vehicle, thus facilitating transparency in vehicle transactions.

When filling out the Kentucky TC 96-187 form, it’s essential to follow specific guidelines to ensure your submission is correct and accepted. Here’s a helpful list of things to do and avoid:

• Do provide complete and accurate information for the debtor(s) and secured party.
• Do include the correct vehicle information, such as year, model, make, and vehicle identification number (VIN).
• Do ensure that the form is signed by the secured party if you are filing a termination statement.
• Do check the filing date and time to ensure it is filled out properly.

• Don't use the form for multiple filings; it can only be used once.
• Don't forget to verify the county of residence for the debtor, as this is crucial for proper filing.
• Don't leave any sections blank; incomplete forms may be rejected.
• Don't overlook the fees required for processing; make sure to include payment information if necessary.

By following these guidelines, you can help ensure that your Kentucky TC 96-187 form is completed correctly and processed without unnecessary delays.

Here are some key takeaways about filling out and using the Kentucky TC 96 187 form:

• Purpose of the Form: The TC 96 187 form is a multi-purpose document used to file a title lien statement in Kentucky. It serves for original filing, continuation, and termination of liens.
• Single Use: This form can only be used once for each filing. If any amendments, continuations, assignments, or terminations are needed, a new form must be completed.
• Signatures Required: A termination statement must be signed by the secured party. This is essential for the filing process to be valid.
• County Clerk Filing: All security interests must be filed in the office of the county clerk where the debtor resides, as per KRS 186A.190 (2).
• Vehicle Information: Accurate details about the vehicle, including year, model, make, and vehicle identification number (VIN), must be provided on the form.

What is the Kentucky TC 96 187 form used for?

The Kentucky TC 96 187 form serves as a Title Lien Statement. It is utilized to file, continue, or terminate a lien on a vehicle title in Kentucky. This form is essential for securing the interests of a creditor in a vehicle owned by a debtor, ensuring that the creditor's rights are legally recognized and protected.

Who needs to fill out the TC 96 187 form?

The form must be completed by the secured party, typically a lender or financial institution that has provided a loan to the debtor for the purchase of a vehicle. Additionally, the debtor must provide their information. It is crucial for both parties to accurately complete the form to ensure proper filing.

Can the TC 96 187 form be used multiple times?

No, the TC 96 187 form is a one-time use document. If there are any amendments, continuations, assignments, or terminations related to the lien, a new form must be filled out. This ensures that all changes are accurately recorded and legally binding.

What information is required on the TC 96 187 form?

The form requires several key pieces of information, including the names and addresses of both the debtor and the secured party, details about the vehicle (such as year, model, make, and vehicle identification number), and the original file date. This information helps to clearly identify the parties involved and the specific vehicle in question.

What is the process for filing the TC 96 187 form?

The completed form must be submitted to the county clerk's office in the county where the debtor resides. This is in accordance with Kentucky Revised Statutes (KRS) 186A.190. The filing officer will then process the form, noting the date, time, and filing number for official records.

What happens if I need to terminate a lien?

To terminate a lien, the secured party must sign the TC 96 187 form, indicating their agreement to release the lien. This termination statement is crucial for clearing the title and allowing the debtor to have full ownership of the vehicle without any encumbrances.

Are there any fees associated with filing the TC 96 187 form?

Yes, there are fees that must be paid when filing the TC 96 187 form. The specific amount may vary by county, so it is advisable to check with the local county clerk’s office for the exact fee structure. The clerk will record the fees collected on the form during processing.

What should I do if I have questions about the TC 96 187 form?

If you have questions regarding the TC 96 187 form, it is best to contact the county clerk’s office directly. They can provide guidance on completing the form, filing procedures, and any other related inquiries you may have.

Is there a specific time frame for filing the TC 96 187 form?

While there is no strict time frame mandated for filing the TC 96 187 form, it is advisable to complete the filing as soon as possible after the lien is established. Prompt filing helps protect the secured party's interests and ensures that the lien is officially recorded in a timely manner.