Kentucky Revised Statutes
Includes enactments through the 2024 Regular Session
Chapter titles, centered headings, section catchlines, and explanatory notes are for informational purposes only and do not constitute any part of the law. For general laws governing construction of statutes, see KRS Chapter 446.
The KRS database was last updated on 11/21/2024
.4-410 Definitions -- Application of subtitle.
.4-420 License required for finance companies -- Evidence of existing licenses.
.4-425 Commissioner's coordination with State Regulatory Registry and other agencies.
.4-430 Form of application -- Contents.
.4-440 Application and license fees.
.4-450 Bonding requirements for applications submitted on or after January 1, 2020 -- Demonstration of financial condition -- Managing principal -- Background check -- Incomplete application -- Approval or rejection of application -- Time limit -- Appeal -- Hearing -- Eligibility if license denied.
.4-460 License -- Contents -- Transfer -- Place of business -- Change -- Name on license.
.4-465 Approval of change of control -- Application -- Fees -- Determination of whether proposed transaction constitutes change of control.
.4-470 Limitation on locations at which business may be conducted -- Construction of subtitle regarding types of loans.
.4-480 Duration of license -- Payment of annual fee -- Expiration -- Reinstatement.
.4-490 Reasons for adverse action or cease-and-desist order -- Locations at which adverse action applies -- Eligibility if license revoked -- Effect of adverse action -- Complaint -- Relief -- Civil penalty.
.4-495 Emergency orders -- Grounds -- Hearing -- Duration of emergency order.
.4-500 Notice of license denial -- Administrative complaint -- Hearings and final orders -- Findings -- Service by certified mail.
.4-505 Administrative hearing for person or licensee aggrieved by final decision of commissioner.
.4-520 Prohibited advertisements and statements.
.4-530 Basic, default, and deferment charges -- Refund upon prepayment -- Reduction when installments in default -- Charges computed on unpaid balance -- Principal may include balance on prior loan -- Loan entered into within 10 days of another loan -- Restrictions on interest and consideration.
.4-533 Authorized charges for extension of credit.
.4-535 Closing costs collectible when liens on real estate taken as security.
.4-540 Duties of licensee.
.4-545 Agent for service of process.
.4-547 Compliance with federal and state laws -- Regulatory penalties.
.4-550 Time of installment payments.
.4-560 Insurance.
.4-570 Wage purchases -- Assignment of compensation.
.4-580 Prohibited conduct -- No contract or loan without scheduled repayment -- Lien on real estate as security.
.4-590 Licensee to make annual report.
.4-600 Licensee's records -- Retention -- Notice of cessation -- Custodian of records -- Request for destruction -- Withholding or altering records.
.4-605 Confidential and privileged documents -- Commissioner's powers -- Privilege or claim of confidentiality not waived.
.4-610 Commissioner's power to issue administrative regulations and examine licensees -- Investigations -- Enforcement of subpoena -- Powers of commissioner.
.4-613 Effect of conformity with notice, opinion, or interpretation of commissioner.
.4-615 Commonwealth or its employees not liable for failure to disclose financial condition of consumer loan company.
.4-620 Public policy relating to loans of $15,000 or less -- Loans outside state.
.4-630 Repealed, 2019.
.4-640 Effect of future amendment of this subtitle.
.4-990 Civil penalties -- Actions by commissioner against violators -- Recovery of penalties and fees.
.4-991 Penalties.