Ky. Rev. Stat. § 286.10-280
Current through 2024 Ky. Acts ch. 225
If the pledgor fails to complete the obligations under the title pledge agreement by failing to pay all outstanding principal, interest, and fees during the twenty (20) day holding period, then the pledgor shall forfeit all right, title, and interest in and to the titled personal property and certificate of title to the title pledge lender, who shall thereby acquire by virtue of the terms of the title pledge agreement and power of attorney, an absolute right of title and ownership to the titled personal property subject to the obligation to sell the titled personal property in the manner described in KRS 286.10-275.
KRS 286.10-280
Created 1998, Ky. Acts ch. 242, sec. 17, effective7/15/1998.