Kentucky Revised Statutes Title XVI. Motor Vehicles § 186A.295.Owner to surrender title on destroyed vehicle or trailer

(1)(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 (2) 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.